On January 10, Jinshi Data reported that the China Securities Regulatory Commission issued an administrative penalty decision. From June 14, 2017 to January 29, 2021, Xu Miao controlled the use of the account group, took advantage of concentrated funds to continuously buy and sell, and used means such as securities trading between accounts under his actual control, affecting the trading price and volume of 'Jinling Sports' stock, with a profit of 156,651,579.19 yuan. The CSRC decided to confiscate Xu Miao's illegal gains of 156,651,579.19 yuan and impose a fine of 313,303,158.38 yuan.