深交所将对*ST高鸿及相关当事人启动纪律处分程序

Core Viewpoint - The company, 大唐高鸿网络股份有限公司 (*ST高鸿), is facing potential delisting due to serious violations related to fraudulent trade practices that inflated revenue and profits from 2015 to 2023 [1] Group 1: Regulatory Actions - The Shenzhen Stock Exchange issued a notice of concern to the company regarding its financial practices [1] - The company received an administrative penalty notice from the China Securities Regulatory Commission, indicating that it engaged in false trade activities [1] - The fraudulent activities included misrepresentations in annual reports and documents related to a non-public stock issuance in 2020, which referenced inflated revenue and profit figures from 2018 to 2020 [1] Group 2: Potential Consequences - The company's actions may trigger mandatory delisting under the Shenzhen Stock Exchange's revised listing rules, specifically citing violations of significant legal provisions [1] - The Shenzhen Stock Exchange has initiated disciplinary proceedings against the company and related parties for breaching its listing rules [1]