On August 31, the Guangdong Regulatory Bureau of the China Securities Regulatory Commission issued a decision on administrative supervision measures. Wu Suiying, the shareholder, actual controller, chairman and general manager of Tuo Digital Innovation Holdings, was ordered to buy back shares that were reduced in violation of regulations and to pay the price difference to listed companies.

On August 31, the Guangdong Regulatory Bureau of the China Securities Regulatory Commission issued a decision on administrative supervision measures. Wu Suiying, the shareholder, actual controller, chairman and general manager of Tuo Digital Innovation Holdings, was ordered to buy back shares that were reduced in violation of regulations and to pay the price difference to listed companies.