[Natural person Luo Zhenkun made a profit of 9.79 million from insider trading Confiscated 58.75 million yuan by the China Securities Regulatory Commission] On October 16, the China Securities Regulatory Commission issued an administrative penalty decision and launched an investigation into Luo Zhenkun’s insider trading behavior. It was found that Luo Zhenkun’s illegal facts were as follows: On October 10, 2024, the relevant company issued a notice on financing The suspension announcement of planned asset replacement, issuance of shares, payment of cash to purchase assets and raising supporting funds 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. Luo Zhenkun had frequent contacts with relevant insiders during the sensitive period of the inside information. From May 15 to October 10, 2024, Luo Zhenkun controlled and used multiple accounts to trade the stocks of related companies. After the inside information was made public, he sold all of them and calculated a profit of 9,791,501.47 yuan. The timing of Luo Zhenkun's trading of stocks of related companies was highly consistent with the time of contact and the development process of inside information. There were situations such as buying immediately after opening a new account, buying for the first time, selling at a loss and buying other stocks, and transactions that deviated from the company's fundamentals. The trading behavior was obviously abnormal and without legitimate reasons. Luo Zhenkun'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 9,791,501.47 yuan of illegal income from Luo Zhenkun and impose a fine of 48,957,507.35 yuan. The China Securities Regulatory Commission decided to impose a three-year ban on Luo Zhenkun from the securities market. From the date when the CSRC announced the decision, during the ban period, 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.