Japanese fashion executives receive warning letters because of spouse’s short-term transaction.

  On January 29th, 2024, Shanghai Supervision Bureau of China Securities Regulatory Commission announced that Zhang Yunju, a senior manager of () Group (hereinafter referred to as Nikko Fashion) (chief financial officer and secretary of the board of directors), was suspected of illegal operation, and his spouse Zhang Qingdong had bought 62,200 shares of Nikko Fashion from September 6th, 2023 to October 10th, 2023, with a total amount of 1,064,576. Selling 47,200 shares of the company, with a total amount of 805,565.00 yuan, and holding 15,000 shares as of January 10, 2024, constitutes a short-term trading behavior. In order to maintain market order and regulate illegal trading, according to the relevant provisions of the Securities Law of People’s Republic of China (PRC), Zhang Yunju was taken to issue a warning letter.