Investigations revealed that Youce Investment and the actual controller misappropriated fund assets and submitted false information in violation of regulations, seriously violating private equity fund laws and regulations. The Zhejiang Securities Regulatory Bureau fined Youce Investment 21 million yuan, fined the 3 responsible persons 14.25 million yuan, and banned the actual controller from entering the securities market for life.

Investigations revealed that Youce Investment and the actual controller misappropriated fund assets and submitted false information in violation of regulations, seriously violating private equity fund laws and regulations. The Zhejiang Securities Regulatory Bureau fined Youce Investment 21 million yuan, fined the 3 responsible persons 14.25 million yuan, and banned the actual controller from entering the securities market for life.