Core Viewpoint - The China Securities Regulatory Commission (CSRC) has initiated investigations into multiple companies, including *ST Muban, due to allegations of financial misconduct and false disclosures in their annual reports [2][9][13]. Group 1: *ST Muban - On July 25, *ST Muban announced it received a notice from the CSRC regarding an investigation for suspected false disclosures in financial reports [2]. - The company acknowledged the investigation and stated it would cooperate with the CSRC while adhering to disclosure obligations [4]. - Four major violations were identified: 1. Incorrect financial information disclosed in March and April 2025 [5]. 2. Misuse of raised funds through transfers to related parties from suppliers between February 2024 and April 2025 [5]. 3. Non-operational fund provision to controlling shareholders and related parties, with non-operational fund occupation reaching 46.06 million yuan by June 2025 [5]. 4. Multiple errors in the 2024 annual report and other documents [5]. - As of July 25, *ST Muban's stock price fell by 1.98%, closing at 4.94 yuan per share, with a total market capitalization of 2.142 billion yuan [7]. Group 2: Other Companies - On the same day, Rebeccah (瑞贝卡) announced it was also under investigation by the CSRC for information disclosure violations, with the company affirming its commitment to cooperate with the investigation [9][11]. - Rebeccah's stock price increased by 1.09%, closing at 3.7 yuan per share, with a total market capitalization of 4.188 billion yuan [11]. - Additionally, *ST Wanfang announced it received a notice from the CSRC for suspected information disclosure violations, stating that its operations remain normal during the investigation [13][14].

Core Viewpoint - Four listed companies, including Ruibeka, *ST Wanfang, Taiyuan Heavy Industry, and *ST Mubang, have been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [1][2]. Group 1: Ruibeka - Ruibeka and its controlling shareholder received a notice from the CSRC for suspected violations of information disclosure laws [3]. - The company, known as the "wig first stock," has a market value of 4.2 billion yuan and has been named by regulators twice this year [4][5]. - The company was found to have five violations, including failure to disclose non-operating fund transactions with related parties and insufficient provision for inventory impairment [6][7]. - Ruibeka reported a net loss of 118 million yuan for 2024 and failed to disclose its performance forecast within the required timeframe, leading to further regulatory actions [8]. Group 2: *ST Wanfang - *ST Wanfang announced it is under investigation by the CSRC for suspected information disclosure violations [9]. - The company faced public condemnation from the Shenzhen Stock Exchange for failing to timely disclose significant events and inaccurate performance forecasts [10]. - The company revised its 2024 performance forecast multiple times, ultimately reporting a net profit of 10.65 million yuan but a net loss of 4.6 million yuan after adjustments [11]. - The company is also facing potential changes in control due to a court decision to auction off shares held by its major shareholder [12]. Group 3: Taiyuan Heavy Industry - Taiyuan Heavy Industry received a notice from the CSRC for suspected information disclosure violations [12]. - The controlling shareholder plans to increase its stake in the company by investing between 80 million and 160 million yuan within the next 12 months [13]. - The company has not faced recent administrative penalties, with the last warning dating back to the end of 2023 for failing to disclose significant transactions and financial inaccuracies [14][15]. Group 4: *ST Mubang - *ST Mubang is under investigation by the CSRC for suspected false disclosures in its financial reports [16][17]. - The company has been flagged for multiple violations, including accounting errors and improper use of raised funds, with significant amounts of non-operating fund occupation reported [19]. - The controlling shareholder is facing financial difficulties, with a debt-to-asset ratio of 121.64% and zero revenue reported in the past year [21].

Core Viewpoint - Jiangxi Mubang High-tech Co., Ltd. (hereinafter referred to as "the company") is facing regulatory scrutiny due to various violations related to financial disclosures and the use of raised funds, which may impact investor confidence and the company's operational integrity [4][10][13]. Group 1: Shareholder and Financial Issues - The controlling shareholder, Jiangxi Mubang New Energy Holdings Co., Ltd., holds 87,540,610 shares, accounting for 20.19% of the company's total equity. Recently, 470,610 shares were judicially frozen, bringing the total frozen shares to 2,833,874, which is 3.24% of its holdings and 0.65% of the company's total shares [2][16]. - The company has been found to have significant accounting errors, violating the disclosure management regulations, which has led to administrative measures from the Jiangxi Securities Regulatory Bureau [5][9]. - There have been instances of improper use of raised funds, where funds were diverted to related parties instead of being used for intended projects, constituting a violation of regulations [6][22]. Group 2: Regulatory Actions and Compliance - The company received an administrative penalty for failing to disclose non-operating fund occupations and for not adhering to proper disclosure protocols, which could lead to further regulatory actions if not rectified [10][11]. - The company is required to submit a rectification report within 30 days of receiving the regulatory decision, emphasizing the need for improved compliance and internal controls [10][11]. - The company has been notified of a formal investigation by the China Securities Regulatory Commission due to suspected false disclosures in annual reports, which could have serious implications for its operations and reputation [13][14]. Group 3: Impact on Operations and Governance - The freezing of shares and regulatory scrutiny is not expected to change the company's control structure or significantly impact its ongoing operations and governance [2][23]. - The company has stated that the recent pledge and unpledge of shares by the controlling shareholder will not affect its business operations or governance structure [16][23]. - The controlling shareholder's financial health is under scrutiny, with high debt levels and low liquidity ratios raising concerns about its ability to meet financial obligations [25][26].

上交所下发督促 *ST沐邦及时推进占用资金清偿事项的监管工作函，涉及对象：上市公司，董事，监 事，高级管理人员，控股股东及实际控制人，其他。 ...

国金证券股份有限公司 关于江西沐邦高科股份有限公司 募集资金专用账户部分资金被司法划扣的核查意见 单位：万元 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为江西 沐邦高科股份有限公司（以下简称"沐邦高科"或"公司"）向特定对象发行股 票的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票 上市规则》《上市公司募集资金监管规则》《上海证券交易所公司自律监管指引第 1 号——规范运作》等相关法律、法规和规范性文件的规定，对沐邦高科募集资 金专用账户部分资金被司法划扣的事项进行了核查，具体情况如下： 一、基本情况 沐邦高科近日通过自查，公司子公司内蒙古沐邦新材料有限公司（以下简称 "内蒙古沐邦"）在中国银行股份有限公司包头市九原支行开立的募集资金专户 （账号：1524****1177）和江西邦宝教育科技有限公司（以下简称"邦宝教育"） 在江西安义农村商业银行股份有限公司开立的募集资金专户（账号： 1042****1843）部分资金被司法划扣。2025 年 7 月 21 日、22 日，前述两个募集 资金专户合计被司法划扣 9,746.59 万元，占被划扣前募集资金账户内余额比例为 76 ...

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-083 江西沐邦高科股份有限公司 关于控股股东股份解除质押及再质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 截至本公告披露日，江西沐邦高科股份有限公司（以下简称"公司"）控 股股东江西沐邦新能源控股有限公司（以下简称"沐邦新能源"、控股股东）持 有公司股份87,540,610股，占本公司股份总数的20.19%。本次解除质押40,183,006 股，办理质押 40,183,006 股。本次股份解除质押、质押后，沐邦新能源累计质押 本公司股份数量不变，仍为 73,300,000 股，占其所持有公司股份总数的 83.73%， 占公司总股本的 16.90%。 一、本次股份解除质押的情况 公司控股股东沐邦新能源于近日将其原质押给铜陵高新企航股权投资合伙 企业(有限合伙)（以下简称："高新企航"）的合计 40,183,006 股无限售流通股办 理了解除质押，具体情况如下： | 股东名称 | 江西沐邦新能源控股有限公司 | | --- | ...

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-081 江西沐邦高科股份有限公司 关于收到江西证监局行政监管措施决定书的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 江西沐邦高科股份有限公司（以下简称"公司"）近日收到中国证券监督管 理委员会江西监管局《关于对江西沐邦高科股份有限公司、江西沐邦新能源控股 有限公司、江西豪安能源科技有限公司、廖志远和张忠安采取责令改正措施并对 汤晓春和刘毅采取出具警示函措施的决定》（［2025］19 号），现将主要内容公告 如下： "江西沐邦高科股份有限公司、江西沐邦新能源控股有限公司、江西豪安能 源科技有限公司、廖志远、张忠安、汤晓春、刘毅: 经查，江西沐邦高科股份有限公司(以下简称*ST 沐邦或公司)及相关主体存 在以下违规行为: 一、存在重大会计差错 2025 年 3 月 1 日和 4 月 30 日，*ST 沐邦披露两次《关于会计差错更正的公 告》，反映出公司此前披露的相关报告财务信息不准确。 公司上述行为违反了《上市公司信息披露管理办法》(证监会令第 1 ...

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-082 江西沐邦高科股份有限公司 关于控股股东部分股份被冻结的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、本次股份被冻结情况 二、股东股份累计被冻结情况 截至公告披露日，上述股东累计被冻结股份情况如下： 1 | 股东名称 | | | 持 | 股 | 数 | 量 | 持股比例 | 累计被冻结 | 占其所持股 | 占 | 公 | 司 总 | 股 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | （股） | | | | | 数量（股） | 份比例 | 本比例 | | | | | 沐 邦 | 新 | 能 源 | | 87,540,610 | | | 20.19% | 2,833,874 | 3.24% | 0.65% | | | | | 控股 | | | | | | | | | | | | | | 三、对公司 ...

证券代码：603398 证券简称：*ST 沐邦 公告编号：2025-080 江西沐邦高科股份有限公司 江西沐邦高科股份有限公司（以下简称"公司"）于 2025 年 7 月 25 日收到 中国证券监督管理委员会（以下简称"中国证监会"）《立案告知书》（编号：证 监立案字 0252025003 号）。因公司涉嫌年报等定期报告财务数据虚假披露等违法 行为，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法 规，中国证券监督管理委员会决定对公司立案。 公司将积极配合中国证监会的相关工作，并严格按照监管要求履行信息披露 义务。公司指定信息披露媒体为《中国证券报》《上海证券报》《证券日报》，公 司 发 布 的 信 息 以 在 上 述 指 定 信 息 披 露 媒 体 和 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）刊登的公告为准，敬请广大投资者关注公司相关公告，理性 投资，注意投资风险。 特此公告。 江西沐邦高科股份有限公司董事会 二〇二五年七月二十六日 关于收到中国证券监督管理委员会立案告知书的公 告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏， ...

Core Viewpoint - The company *ST Muban (603398)* has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged false disclosures in its annual reports and other periodic financial data [1] Group 1 - The company was notified on July 25, 2025, about the investigation by the CSRC [1] - The CSRC has decided to initiate a case against the company due to suspected violations related to financial data [1] - The company will actively cooperate with the investigation and fulfill its information disclosure obligations [1]