Zitian Technology(SZ:300280) Zheng Quan Zhi Xing·2025-05-22 10:21Core Viewpoint - Fujian Zitian Media Technology Co., Ltd. is facing regulatory scrutiny due to false statements in its financial reports, leading to potential delisting risks if corrective actions are not taken promptly [1][2]. Group 1: Regulatory Actions - The China Securities Regulatory Commission (CSRC) has issued a decision requiring the company to correct its annual reports within 30 days and undergo a comprehensive audit by a qualified accounting firm [1]. - The company has not yet appointed a qualified accounting firm or submitted a rectification report to the Fujian Securities Regulatory Bureau [1]. - The company's stock has been under delisting risk warning since May 20, 2025, and may face termination of listing if corrective actions are not completed within two months [2]. Group 2: Suspension and Resumption - The company's stock will continue to be suspended from trading starting May 6, 2025, until the annual report is disclosed [1]. - If the company fails to disclose the annual report within two months after the suspension, the stock is expected to resume trading on July 7, 2025 [1][2]. Group 3: Financial Penalties - The company and its executives, including the general manager and financial director, have received notices of administrative penalties, with fines of one million yuan for the company and 800,000 yuan for each of the four executives [2]. - The executives are also facing a ten-year ban from the securities market [2].