中信证券两保荐人被指“不实承诺”背后：“自律处分”被误读

Group 1 - The core viewpoint of the article highlights the controversy surrounding the underwriting representatives from CITIC Securities, who are accused of making false commitments in the issuance sponsorship letter for Beikong Testing Technology Co., Ltd. [2][3][7] - Beikong Testing, a significant player in the non-ferrous metal inspection and testing industry, successfully passed the listing review by the Beijing Stock Exchange on July 11, 2023, after submitting its IPO materials in December 2024 [3][4]. - The underwriting representatives, Liu Tuo and Wang Jingqi, signed the issuance sponsorship letter on July 3, 2023, the same day they were listed in the C category of the Securities Association of China for self-regulatory penalties [4][11]. Group 2 - The article discusses the distinction between self-regulatory measures and disciplinary actions as defined by the Beijing Stock Exchange and the Securities Association of China, indicating that the penalties faced by the underwriting representatives do not equate to the violations they committed in the sponsorship letter [9][10]. - Industry insiders suggest that the commitments made by the underwriting representatives in the issuance sponsorship letter are not necessarily false, as the self-regulatory measures they faced do not fall under the same category of violations outlined in their commitments [10][11]. - The timing of the signing of the sponsorship letter and the imposition of self-regulatory measures raises questions about whether the representatives were aware of their penalties at the time of signing [11][12].