On November 5th, the Great Wall of Culture opened and fell. Just the night before, the Great Wall of Culture issued a notice stating that the company was investigated by the China Securities Regulatory Commission for alleged violations of information disclosure. Wind data shows that since October 24, driven by the blockchain concept boom, the Great Wall of Culture has been trading for six consecutive trading days, with the highest share price reaching 6.54 yuan/share. As the stock price climbed rapidly in the short term, on October 26 and October 31, the Great Wall of Culture issued two “Announcements on Abnormal Fluctuations in Stock Trading”, indicating that the company is all normal and there is no information that should be disclosed but not disclosed. The misfortunes depend on each other, and the concept of blockchain has brought stock price revelry, which has also caused regulators to pay attention to the Great Wall of Culture. On October 28th, the Management Department of the Shenzhen Stock Exchange GEM issued a letter of concern for the Great Wall of Culture. For the 50 R&D investment projects disclosed in the 2018 annual report, 6 names or descriptions of the software copyrights related to the blockchain were required. The Great Wall of Culture carefully verified and explained.