[Natural persons Zhou Jifeng and Zhou Jihui profited 81.95 million from manipulating the securities market Nearly 328 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 Zhou Jifeng and Zhou Jihui’s manipulation of the securities market. It was found that Zhou Jifeng and Zhou Jihui had the following illegal facts: From April 20, 2021 to June 5, 2023, Zhou Jifeng and Zhou Jihui controlled the use of multiple securities accounts to manipulate related stocks. During the manipulation period, Zhou Jifeng and Zhou Jihui affected the transaction price and volume of relevant stocks by concentrating their capital advantages and shareholding advantages to continuously buy and sell, and conduct transactions between accounts actually controlled by themselves, and gained illegal income of 81,951,026.14 yuan. The China Securities Regulatory Commission decided to order Zhou Jifeng and Zhou Jihui to dispose of illegally held stocks in accordance with the law and confiscate the illegal income of 81,951,026.14 yuan from Zhou Jifeng and Zhou Jihui, of which Zhou Jifeng shall bear 65,560,820.91 yuan and Zhou Jihui shall bear 1 6,390,205.23 yuan; and a fine of 245,853,078.42 yuan was imposed, of which Zhou Jifeng borne a fine of 196,682,462.74 yuan and Zhou Jihui borne a fine of 49,170,615.68 yuan. Zhou Jifeng was banned from the securities market for five years. From the date of announcing the decision, during the ban period, in addition to being prohibited from continuing to engage in securities business, securities service business, or serving as a director, supervisor, or senior manager of the original securities issuer in the original institution, they are also not allowed to engage in securities business, securities service business, or serve as a director, supervisor, or senior manager of another securities issuer in any other institution. Zhou Jifeng is banned from trading in the securities market for three years. From the date when the association announces its decision, during the ban period, all securities listed or quoted on the stock exchange are not allowed to be traded directly or under a pseudonym or in the name of others.