On January 6, the Shanghai Stock Exchange issued the "Notice on the Implementation of Measures such as Restricting Transactions on the ** Accounts under the Name of Fujian Port Group Co., Ltd. and its Four Subsidiaries". 
According to the circular, on December 29, 2023, during the ** call auction stage, the ** account under the name of Fujian Port Group Co., Ltd. was trading Industrial Bank (601166, with a stock price of 14.81 yuan, market value of 307.7 billion yuan), with a large declaration of transaction that significantly deviates from the latest transaction price, constitutes an abnormal trading behavior of pulling up the stock price in the call auction stage. Since January 2, 2024, the Shanghai Stock Exchange has taken urgent regulatory measures to suspend the trading of ** accounts under the names of relevant investors in accordance with regulations. After investigation, the above-mentioned abnormal trading behaviors seriously disrupted the normal trading order of the market, and the violations were serious. After the review of the Disciplinary Committee of the Shanghai Stock Exchange, it was decided to publicly reprimand Fujian Port Group Co., Ltd. and impose disciplinary sanctions on the ** accounts under the name of Fujian Port Group Co., Ltd. and its four subsidiaries for 6 months. The above-mentioned disciplinary decision shall be recorded in the *** market integrity file. At the same time, the Shanghai Stock Exchange ordered Fujian Port Group Co., Ltd. to make a public explanation, conduct regulatory talks on it, and require relevant entities to submit a letter of commitment for compliance transactions. In addition, on January 6, the Shanghai Stock Exchange also issued the Decision on Disciplinary Actions against Fujian Port Group Co., Ltd. and its Related Subsidiaries, revealing the details of the daily limit of Industrial Bank on December 29, 2023. 
It has been ascertained that Fujian Port Group and its four subsidiaries actually controlled, Fujian Shipping Group Co., Ltd., Fuzhou Port Group, Xiamen Port Holding Group and Fujian Transportation Group Co., Ltd., according to the decision of Fujian Port Group, "Industrial Bank" (601166) **On December 29, 2023, the share price of "Industrial Bank" was stable. In the call auction stage, the account under the name of Fujian Port Group declared 31 transactions of the stock at the price limit, totaling 1813510,000 shares, with a turnover of 1330670,000 shares, amounting to 21,570180,000 yuan, accounting for 99% of the total trading volume of the stock during the call auction99%, pulling up the stock price by 970%。The Shanghai Stock Exchange imposed a disciplinary sanction on the ** accounts under the name of Fujian Port Group and its four subsidiaries under its actual control for 6 months, that is, from January 8, 2024 to July 7, 2024, it is not allowed to ** and sell all ** listed and traded on the Exchange or listed for transfer. On the evening of December 10, 2023, IB announced that from August 1 to November 30 of that year, Fujian Port Group and its subsidiaries increased their holdings of the company's shares by 55.9 billion shares. As of November 30, 2023, Fujian Port Group and its subsidiaries held a consolidated 58.1 billion shares, accounting for 280%。Among them, Fujian Port Group holds 43.9 billion shares, accounting for 211%；Xiamen Port Holding Group, a subsidiary, holds 5967460,000 shares, accounting for 029%；Fuzhou Port Group, a subsidiary, holds 5247480,000 shares, accounting for 025%；Fujian Shipping Group, a subsidiary, holds 2448250,000 shares, accounting for 012%；Fujian Provincial Communications Group, a subsidiary, holds 5.75 million shares of Industrial Bank, accounting for 003%。According to public information, Fujian Port Group is an important backbone enterprise in Fujian Province, and its main business includes the construction and operation of port terminal infrastructure and the development and operation of port parksRoad transport, water transport and other transportation-related supporting services;Modern logistics and commerce**, etc. Judging from the actions on December 29, 2023, Fujian Port Group is still increasing its holdings in Industrial Bank since November 30, 2023. However, due to the obvious deviation from the latest transaction price, Fujian Port Group also suffered a "disciplinary action" fine from the regulatory department. The Shanghai Stock Exchange said that it will adhere to the main responsibility and main business of supervision, strengthen the supervision of abnormal transactions, continue to maintain a high-pressure posture against illegal trading behaviors that disrupt market order, and effectively maintain trading order. At the same time, investors are once again reminded to participate in transactions in compliance and prudence.