The China Securities Regulatory Commission has issued prior notice of proposed administrative penalties against Shanghai Zoran Engineering Technology Co. Ltd., known as *ST Zoran, after finding that it inflated profits and made false financial disclosures in periodic reports. The regulator proposes a CNY 12.5 million fine for the company and combined fines of CNY 35.8 million for six responsible individuals, as well as a 10-year securities market ban for the company’s actual controller. The suspected misconduct may trigger mandatory delisting for a major legal violation, and the Shanghai Stock Exchange will begin delisting procedures. The commission has also opened a formal investigation into the conduct of the accounting firm involved and will penalize any failure to exercise due diligence. Potential criminal evidence will be referred to public security authorities in accordance with applicable requirements.
2026-09-11China Securities Regulatory Commission
China Securities Regulatory Commission proposes CNY 48.3 million in fines against Shanghai Zoran and responsible individuals, opens auditor investigation
The China Securities Regulatory Commission proposes fines totaling CNY 48.3 million against *ST Zoran and six responsible individuals over inflated profits and false financial disclosures, alongside a 10-year market ban for the company’s actual controller. The Shanghai Stock Exchange will begin delisting procedures, while the commission has opened an investigation into the accounting firm involved and may refer criminal evidence to public security authorities.