Recently, the China Securities Investor Services Center shed light on the intricacies of a case dubbed "Insider Trading at Changan Automobile Involving Individuals Surnamed Han and Associates." On November 26, 2023, Changan Automobile made a public announcement regarding the signing of an Investment Cooperation Memorandum with Huawei, outlining plans for strategic collaboration in the realm of intelligent vehicle business.

Prior to this official disclosure, a group of employees from both collaborating entities, including individuals with the surnames Han, Peng, Jie, Wei, and Wang, leveraged confidential insider information to acquire a substantial volume of Changan Automobile shares. The total investment in these share purchases amounted to a staggering 61 million yuan, ultimately yielding profits exceeding 4 million yuan.

The China Securities Regulatory Commission swiftly identified this maneuver as a clear case of insider trading. In response, it not only decided to confiscate the illicit gains but also levied a hefty total fine of 16.69 million yuan. Furthermore, the commission has forwarded the criminal leads to the relevant public security authorities for further investigation and potential legal action.