The Shanghai Stock Exchange imposed trading suspension measures on Ningbo Lingjun and initiated public condemnation procedures. The Shanghai Composite Index fell rapidly in a short period of time.
It was found that the above-mentioned transactions violated Article 7.2, Item (6) of the "Shanghai Stock Exchange Trading Rules" (hereinafter referred to as the "Trading Rules") "Automatically generate or issue trading instructions through computer programs to conduct programmed transactions. Affecting the security of the Shanghai Stock exchange system or the normal trading order"