Yesterday afternoon, in an internal telephone conference of analysts, Peng Zhifu, Vice General Manager and board secretary of Wuliangye, said that there was no progress about the investigation of the CSRC to Wuliangye. But according to the analyst attending the meeting, the reason why Wuliangye was investigated is because of a "cooperation on stock trading" fund of 55 million yuan 5 years ago. Yesterday, Wuliangye closed at 21.88 yuan, down 3.19%.