[The audit report issued by Hexin Law Firm for Qingdao Zhongcheng contains false records Confiscated 19.43 million by the China Securities Regulatory Commission] On October 16, the China Securities Regulatory Commission issued an administrative penalty decision and launched an investigation into the case of Hexin Accounting Firm failing to perform due diligence in providing annual report audit services for Qingdao Zhongcheng. It was found that Hexin Accounting Firm had committed the following violations Facts: Hexin Law Firm provided annual report audit services for Qingdao Zhongcheng, and the annual audit report issued from 2017 to 2022 contained false records; Hexin Law Firm did not perform its due diligence during the audit of Qingdao Zhongcheng's annual financial statements from 2017 to 2022. During the audit practice of Qingdao Zhongcheng's annual financial statements from 2017 to 2022, Hexin Institute failed to perform diligently and conscientiously in accordance with the requirements of the Chinese Certified Public Accountants Practice Standards. The audit report issued contained false records, which violated the provisions of Article 163 of the Securities Law and constituted an illegal act as described in Article 213, paragraph 3, of the Securities Law. Regarding the illegal activities of Hexin Securities Co., Ltd., the signing accountants Ma Chunming and Zuo Wei are the directly responsible persons in charge. The China Securities Regulatory Commission decided to order Hexin Accounting Firm (Special General Partnership) to make corrections, confiscate the audit business income of 4,858,490.57 yuan, and impose a fine of 14,575,471.71 yuan. Ma Chunming was given a warning and fined 600,000 yuan. Zuo Wei was given a warning and fined 400,000 yuan.