On July 15, the administrative penalty decision information disclosure form disclosed by the Sichuan branch of the People's Bank of China showed that Chengdu Mobao Network Technology Co., Ltd. was warned, notified and criticized, and confiscated 806.424.49 million yuan of illegal proceeds and fined 21.365 million yuan. The types of offenses involved include: violating account management regulations; violating liquidation management regulations; violating merchant management regulations; and failing to fulfill customer identification obligations in accordance with regulations. Meanwhile, Tang Mudong of Chengdu Mobao Network Technology Co., Ltd. was directly responsible for the company's violation of account management regulations, liquidation management regulations, and failure to fulfill customer identification obligations in accordance with regulations. He was warned and fined 640,000 yuan.

On July 15, the administrative penalty decision information disclosure form disclosed by the Sichuan branch of the People's Bank of China showed that Chengdu Mobao Network Technology Co., Ltd. was warned, notified and criticized, and confiscated 806.424.49 million yuan of illegal proceeds and fined 21.365 million yuan. The types of offenses involved include: violating account management regulations; violating liquidation management regulations; violating merchant management regulations; and failing to fulfill customer identification obligations in accordance with regulations. Meanwhile, Tang Mudong of Chengdu Mobao Network Technology Co., Ltd. was directly responsible for the company's violation of account management regulations, liquidation management regulations, and failure to fulfill customer identification obligations in accordance with regulations. He was warned and fined 640,000 yuan.