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Tiger Securities: One-time expenses will not have a significant adverse impact on the company's operations or long-term development.

金色财经_
Golden Financial reports that Tiger Securities (TIGR.O): On May 22, the Beijing Regulatory Bureau of the China Securities Regulatory Commission imposed administrative penalties on some of the company's subsidiaries and ordered the confiscation of illegal gains, totaling approximately 411 million RMB (about 59.7 million USD). The penalties stem from some subsidiaries conducting unauthorized cross-border securities business within China, as well as illegal activities related to fund and futures businesses. The company sincerely accepts the penalties and has recognized them as a significant matter after the first quarter. Considering the company's overall profitability and cash flow situation, this one-time expense will not have a significant adverse impact on the company's operations or long-term development. (Jin10)
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