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China Securities Regulatory Commission Issues Warning to New Mileage Health Technology Group Co., Ltd. and Xuyi Hengshan Traditional Chinese Medicine Hospital Co., Ltd.

The China Securities Regulatory Commission (CSRC) has issued a warning to New Mileage Health Technology Group Co., Ltd. and its subsidiary, Xuyi Hengshan Traditional Chinese Medicine Hospital Co., Ltd., for non-standard financial accounting practices. The investigation found that New Mileage Health Technology Group Co., Ltd. failed to recognize repurchase obligation