The China Securities Regulatory Commission issued an advance notice of proposed administrative penalties against Shenzhen Stock Exchange ChiNext-listed Beijing Dongfang Tong Technology Co., Ltd. (*ST Dongtong) for suspected false records in periodic reports and other financial data, after finding the company had inflated revenue and profits for four consecutive years. The CSRC plans to fine the listed company CNY 229 million, fine seven responsible individuals a combined CNY 44 million, and impose a 10-year securities market ban on the actual controller. The case may trigger mandatory delisting for major violations, and the Shenzhen Stock Exchange will initiate delisting procedures in accordance with the law; suspected criminal leads will be transferred to public security authorities in line with relevant criminal law and case-filing standards.
China Securities Regulatory Commission 2025-09-12
China Securities Regulatory Commission proposes CNY 229 million fine and 10-year market ban for *ST Dongtong’s four-year financial misstatements
The China Securities Regulatory Commission (CSRC) has proposed administrative penalties against Beijing Dongfang Tong Technology Co., Ltd. for inflating revenue and profits over four years. The CSRC plans to fine the company CNY 229 million and seven individuals CNY 44 million, with a 10-year market ban on the actual controller. The case may lead to mandatory delisting and criminal referrals.