Quanjude will suspend trading. According to relevant public information, Quanjude was suspended by the CSRC on April 17, 2020 for allegedly violating the Company Law and related regulations.

Specifically, the CSRC said that Quanjude Company and its related personnel were suspected of violating the Company Law and related regulations, and the specific behaviors included:

1. Failure to disclose information on major events in time as required.

2. It is suspected of disrupting the market order and causing adverse effects on investors.

3. Abuse internal resources by taking advantage of the company's control rights, which harms the company's interests.

4. fabricating false financial statements.

5. Providing false information and forged documents to fabricate the financial situation of the company.

6. Implementing related party transactions, etc.