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News October 26, 2021

Letter of concern issued in meta universe concept stocks

According to the China Securities Journal, the Shenzhen Stock Exchange has issued a letter of concern to Zhongqingbao, a concept stock of Metaverse, requesting Zhongqingbao to elaborate on the specific content of “Master Brewer”, the relevance to the concept of Metaverse, the deployment of technical staff, and core technologies. Grasp the situation, R&D investment, R&D progress, product launch feasibility, expected launch time, market demand, and financial impact on the company in 2021 and beyond, and combine industry policy risks to fully remind possible risks. In addition, the letter of concern also requires Zhongqingbao to respond to related questions and explain whether the company and related parties have hot spots, market manipulation, and illegal trading of company stocks.

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