Ge Long Hui A P P·2025-08-08 11:00Core Viewpoint - *ST Gaohong is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to forced delisting due to fraudulent issuance of shares and false records in annual reports from 2015 to 2023 [1][1][1] Summary by Relevant Sections - Investigation Details - The company received an administrative penalty notice from the CSRC on August 8, 2025, regarding its non-public stock issuance in 2020, which is classified as fraudulent [1] - The annual reports from 2015 to 2023 contain false records, potentially triggering major violations under the Shenzhen Stock Exchange listing rules [1] - Potential Consequences - The company may face forced delisting if the formal penalty decision confirms the major violations [1] - According to the Shenzhen Stock Exchange listing rules, if the company is found to have committed major violations, its stock will be terminated from listing [1] - Company's Response - The company will fully cooperate with the CSRC's investigation and the final outcome will depend on the formal penalty decision issued by the CSRC [1] - Investors are advised to pay attention to subsequent announcements and remain cautious regarding investment risks [1]