The administrative appellant, in connection with a " XXX REIT" matter, refused to accept a letter (Ref: Shou zi No. 1110425567) issued by the FSC Insurance Bureau on 15 June 2022, and was also dissatisfied with inaction on the part of the FSC Insurance Bureau, and therefore filed an administrative appeal with the FSC. The FSC Administrative Appeal Review Committee decided as follows: The administrative appeal will not be entertained.