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a high school classmate reunion actually leaked insider information of a listed company! did the chairman's driver also violate the rules in stock trading?

recently, the zhejiang regulatory bureau of the china securities regulatory commission (referred to as the "zhejiang securities regulatory bureau") disclosed five consecutive fines, and five parties were fined more than 23 million yuan for insider trading in shengyang technology (603703.sh) stocks.

it is worth noting that among the five parties punished,ye shengyangchairman and actual controller of shengyang technologyye moumingson ofshan tong, cao xiangandyuan haojieall of them were high school classmates of ye shengyang. during a gathering of the four, ye shengyang revealed inside information about shengyang technology. the three classmates subsequently bought shengyang technology stocks.

another of the five parties isxu wei, is ye mouming’s driver. the zhejiang securities regulatory bureau found that after learning the inside information, he profited for himself by operating other people’s securities accounts.

insider information september 2020

ye shengyang knew no later than november

the formation of insider information began on september 25, 2020. according to the zhejiang securities regulatory bureau, at that time, the then leader of the investment promotion bureau of yuecheng district, shaoxing city, sent information about the transportation and communication information group co., ltd. (hereinafter referred to as "jiaoxin group") to ye mouming, the chairman and actual controller of shengyang technology, via wechat, indicating that there was a cooperation project and pushing the contact information of the middleman.