On May 29, 2014, China's National Development and Reform
Commission (NDRC) announced that its investigation into the
eyeglass industry found that some major manufacturers had
restricted resale prices, and it therefore instructed local pricing
departments in Beijing, Shanghai and Guangdong to impose total
fines totaling more than RMB 19 million ($3 million) under the
Anti-Monopoly Law. The conduct at issue involved sales contracts
requesting distributors to sell products strictly at
"suggested retail prices," or forcing "buy three get
one free" (for contact lenses) promotional activity throughout
the year. Companies that voluntarily reported to the NDRC and
provided important evidence were exempted from any fines. Companies
that offered satisfactory cooperation with the investigation and
undertook voluntary correction were fined 1 percent of sales
revenue of the previous year's sales. The harshest
penalty—a fine of 2 percent of sales revenue for the previous
year's
