No, it's a fine, but the fine doesn't absolve you from fixing it too so it stops. You have this delay to submit a plan for how and on what timeline you will fix it. If you don't do it, or take too long, we will keep fining you, increasingly.
An exemple what how in the old microsoft case they ended up puttin a daily fine for non compliance until microsoft balked back and fixed it (after they tried to act tough and pretended to ignore them).
The end goal ultimately is to get it fixed.
How do they enforce a fine on a Chinese company? What if temu says "up yours"?