[Lu fabricated and spread false information to disrupt the securities market The China Securities Regulatory Commission fined him 200,000 yuan] On September 11, the China Securities Regulatory Commission issued the Administrative Penalty Decision [2026] No. 39, which showed that the China Securities Regulatory Commission launched an investigation into Lu Runkai’s fabrication and dissemination of false information. 1. Lu Runkai fabricated and disseminated false information. On February 2, 2026, Lu Runkai generated an article containing tax rate adjustment content through an APP, and published the full text on that day using his own APP account. After investigation, the above information was found to be false. 2. False information disrupted the securities market. Lu Runkai released false information without considering and verifying the authenticity of the relevant information, causing false information to be widely spread on the Internet platform and disrupting the securities market. Lu Runkai had no illegal gains from the above-mentioned activities. The above-mentioned illegal facts are proved by evidence such as relevant personnel’s inquiry transcripts, media platform data, WeChat group information screenshots, etc., which are sufficient to confirm. Based on the facts, nature, circumstances and degree of social harm of the parties’ illegal acts, and in accordance with Article 193, paragraph 1, of the Securities Law, the China Securities Regulatory Commission decided to impose a fine of 200,000 yuan on Lu Runkai.