Tonghuashun announced on the 28th that the company’s wholly-owned subsidiary Zhejiang Tonghuashun Network Technology Co., Ltd. (hereinafter referred to as “Network Technology”) was issued a warning letter due to an abnormality in the APP and did not immediately report it.The Zhejiang Regulatory Bureau issued the “Administrative Regulatory Measures Decision” stating that on the morning of October 28, 2021, the Zhejiang Regulatory Bureau discovered that the “Flush Shun” APP operated by a network technology company was abnormal, and public opinion incidents appeared on Sina Weibo and other media. The market has a serious impact.
The network technology company did not immediately report the above-mentioned information system abnormality. After the staff of the Zhejiang Supervision Bureau learned about the relevant situation from the network technology company, as of 3 pm that day, the network technology company had not reported the cause of the information system abnormality to the Zhejiang Supervision Bureau. And disposal.
The Zhejiang Regulatory Bureau stated that the above-mentioned actions of network technology companies violated Article 55, Item 3 of the “Measures for Information Technology Management of Securities Fund Operators”, reflecting the inadequate information security risk management of network technology companies. In accordance with Article 59 of the “Measures for Information Technology Management of Securities and Fund Management Institutions,” the Zhejiang Regulatory Bureau decided to take out the supervision and management measures with warning letters for network technology companies and record them in the integrity files of the securities and futures markets. The network technology company shall submit a written rectification report to the Zhejiang Regulatory Bureau within 10 working days after receiving this decision.
On the morning of October 28th, the topic “Flush has collapsed” hit the hot search on Weibo. It is reported that many users have reported on social platforms that there are problems such as abnormal login and abnormal software data display when using a flush. In response to this issue, Flush said at 10:20 in Xu’s response to Zhongxin Jingwei that there was indeed a problem with the software and it was being repaired.
At 10:45, Fonghuashun official website Weibo posted a dynamic statement: “Dear customer, due to an abnormal network line, some users of Fonghuashun APP have abnormal logins, and they have been restored. If there are still problems with individual users, please feel free to contact us. By We apologize for the inconvenience caused to users.”
Attorney Xu Feng from Shanghai Jiucheng Law Firm said in an interview with Sino-Singapore Jingwei that netizens reported that investment losses occurred due to the collapse of the flush and needed to provide relevant proofs to prove that the losses were causally related to the failure. If it can be provided, after excluding the force majeure factor, the flush shall be compensated. “It depends on the cause of the failure, whether it is force majeure or the software fault of Flush. This matter should be investigated as soon as possible, and its users should be given a legal and reasonable explanation. If some users do cause losses due to this, they should take the initiative to compensate. It must be resolved through judicial channels.”
According to data, Tonghuashun is an Internet financial information service provider. Its main business is to provide software products and system maintenance services, financial data services, and intelligent promotion services for various institutional customers at home and abroad, as well as financial information and various services for individual investors. Investment and financial analysis tools.
In terms of financial data, in the first three quarters of this year, Flush has achieved operating income of 2.185 billion yuan, a year-on-year increase of 31.29%; net profit attributable to shareholders of listed companies is 919 million yuan, a year-on-year increase of 28.31%; basic earnings per share is 1.84 yuan. Among them, the net profit attributable to shareholders of listed companies was 413 million yuan in the third quarter, a year-on-year increase of 24.19%. (China-Singapore Jingwei APP)