CICA Security announced on September 7 that Guo Hailan, the company's independent director, was warned and fined 200,000 yuan by the Guangdong Regulatory Bureau of the Securities Regulatory Commission for violating regulations in the Guangdong Haiyin Group's annual report audit practice as a certified accountant at Daxin Certified Public Accountants. Guo Hailan applied to resign as an independent director of the company and a special committee of the board of directors. His resignation will take effect after the company's shareholders' meeting elects a new independent director.

CICA Security announced on September 7 that Guo Hailan, the company's independent director, was warned and fined 200,000 yuan by the Guangdong Regulatory Bureau of the Securities Regulatory Commission for violating regulations in the Guangdong Haiyin Group's annual report audit practice as a certified accountant at Daxin Certified Public Accountants. Guo Hailan applied to resign as an independent director of the company and a special committee of the board of directors. His resignation will take effect after the company's shareholders' meeting elects a new independent director.