The subsidiary company was out of control, the blockchain was sent a letter of concern, and the Cultural Great Wall was investigated.

According to the Beijing News, on the evening of November 4, the Great Wall of Culture issued a notice saying that it received the "Notice of Investigation" from the China Securities Regulatory Commission (Yuezheng Survey Tongzi No. 190221). On October 28, 2019, the Shenzhen Stock Exchange issued a letter of concern to the Great Wall of Culture. The letter of concern shows that the stock price of Cultural Great Wall has been increasing from three consecutive trading days from October 24 to October 28, 2019. Some media reports that the Cultural Great Wall is a blockchain concept stock. Among the more than 50 R&D investment projects disclosed in the 2018 Annual Report of the Great Wall of Culture, there are 6 software copyright names or descriptions involving blockchains, 2 of which are developed by Henan Zhiyou Xiaolong Education Technology Co., Ltd. and its subsidiaries. 4 items are developed by Jade Education and its subsidiaries. In this regard, the Shenzhen Stock Exchange requires the Cultural Great Wall to explain: the research and development background, research and development cycle, investment amount and R&D personnel, specific application scenarios of the above six software copyrights; the sales orders that have been signed based on the above six software copyrights, the realized business income and The profit, the specific impact on the company's operating performance and the proportion of the company's performance in 2018 and the first three quarters of 2019; combined with the above-mentioned response and the situation of the out-of-control of the jade education, fully explain the relationship between the cultural Great Wall business and the blockchain technology.