2月9日晚间，港股上市机构九方智投控股有限公司(以下简称"九方智投控股")公告显示，上海证监局对子公司上海九方云智能科技有限公司(以下简称"九 方智投")出具《行政监管措施决定书》，责令该公司改正及自收到决定书之日起暂停新增客户三个月，并立即开展全面整改工作。 又一家证券投顾机构被暂停新增客户。 九方智投控股在公告中表示，公司高度重视决定书所指出的问题，针对有关问题已制定整改方案并立即全面推动落实，将以此次整改为契机完善内部控 制，切实提高合规管理水平。 公告显示，其整改方案包括：严肃处理涉及违规的个别人员，并组织开展专项合规教育培训，增加检查频率；进一步加强规范营销宣传行为，通过技术监 测与人工覆核，以保障营销宣传内容真实、准确、适度并遏制误导性宣传；强化直播内容管理，聚焦内容真实、数据准确、逻辑严谨，进一步加强素材溯 源、事前审查、事中监测与事后审查的管理系统，确保信息可溯可查；健全合规风控体系，优化营销、直播及人员资质管理等合规风控系统；明确业务操 作边界，严禁未经合规审查观点传播与不当解读，防范未登记备案人员违规提供投资建议。 九方智投控股称，公司经营状况正常，本次监督管理措施系对附属公司部分业务环节 ...

Core Viewpoint - Donggao Technology has failed to meet its performance commitments for three consecutive years, leading to significant financial and operational challenges for the company [1][2][3]. Financial Performance - In the last year, Donggao Technology reported a revenue of 142.94 million yuan, a year-on-year decline of 66.13% [2]. - The operating profit was 9.95 million yuan, and the net profit was 4.23 million yuan, with a non-recurring net profit of only 8.77 million yuan, although this represents a growth of 34.94% compared to 2023 [2]. - The company has consistently failed to meet the performance commitments made during its acquisition, with a cumulative non-recurring net profit of only 13.45 million yuan in 2022, 6.50 million yuan in 2023, and a projected performance rate of only 17.55% for 2024 [3]. Compliance Issues - Donggao Technology faced regulatory penalties due to compliance violations, leading to two separate six-month suspensions on acquiring new clients [5][6]. - The first suspension occurred in November 2023 due to issues related to stock pool management and promotional compliance [5]. - The second suspension in June 2024 was due to misleading revenue implications and continued client acquisition during the suspension period [6]. Operational Challenges - The company has experienced significant operational difficulties, including a fine of 20,000 yuan for wage arrears affecting 230 employees [6]. - The financial report indicated a tripling of default compensation payments to 2.92 million yuan compared to 637,500 yuan in 2023 [6]. - Following the sale of a 2% stake for 5 million yuan, Donggao Technology's ownership dropped from 51% to 49%, resulting in a loss of control over the company [4].