Jiayuan Technology Hit with Other Risk Warning over False Statements in Prospectus and Annual Reports

Regulation
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Jiayuan Technology announced that it has received an advance notice of administrative penalty from the China Securities Regulatory Commission. Because its prospectus and annual reports contained false statements, the stock will be subject to other risk warning starting August 25, with its abbreviation changed to ST Jiayuan. The daily price limit remains 20 percent. Trading in the company's shares will be suspended for one day on August 24 and resume on August 25.

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