[Natural person Chen Qiuhang made a profit of 25.81 million from insider trading Nearly 182 million yuan was fined and confiscated by the China Securities Regulatory Commission] On October 16, the China Securities Regulatory Commission issued an administrative penalty decision and launched an investigation into Chen Qiuhang’s insider trading and leaking inside information. It was found that Chen Qiuhang’s illegal facts were as follows: On October 10, 2024, the relevant company issued The company issued a trading suspension announcement regarding the planning of asset swaps, issuance of shares, payment of cash to purchase assets and raising supporting funds. This matter is a major event stipulated in Article 80, Paragraph 2, Item 2 and Item 9 of the Securities Law, and is considered inside information as stipulated in Article 52 of the Securities Law before it is made public. Inside information will be formed no later than March 22, 2024, and will be made public on October 11, 2024. Chen Qiuhang is an insider of inside information, and the time of knowledge is no later than October 8, 2024. From October 9 to October 10, 2024, Chen Qiuhang controlled and used multiple securities accounts to buy stocks of related companies, and sold them all after the inside information was made public. After calculation, the profit was 25,811,493.61 yuan. From October 8 to 10, 2024, Chen Qiuhang informed others of inside information. Chen Qiuhang's above-mentioned behavior violated the provisions of Article 50 and Article 53, paragraph 1, of the Securities Law, and constituted insider trading as described in Article 191, paragraph 1, of the Securities Law. The China Securities Regulatory Commission decided to confiscate Chen Qiuhang’s illegal gains of 25,811,493.61 yuan from insider trading, impose a fine of 154,868,961.66 yuan, and impose a fine of 1,000,000 yuan on him for leaking insider information. In summary, a total of 25,811,493.61 yuan of illegal income was confiscated from Chen Qiuhang and a fine of 155,868,961.66 yuan was imposed. Chen Qiuhang was banned from the securities market for five years. During the ban, he was not allowed to trade all securities listed or listed on securities exchanges directly or under a pseudonym or in the name of others.