On September 29, according to a financial news alert, the administrative penalty information disclosure list of the Yunnan Financial Regulatory Bureau shows that the Yunnan Branch of Mintai'an Safety Technology Co., Ltd. was issued a warning and fined 10,000 yuan by the Yunnan Financial Regulatory Bureau for entrusting individuals who had not completed practice registration through the institution to engage in insurance loss adjustment business.

The responsible person, Zhang Wu, was also given a warning and fined 10,000 yuan.