Core Viewpoint - Huayang Lianzhong Digital Technology Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, leading to potential administrative penalties [1][2]. Basic Situation - The company and its actual controller, Su Tong, received a notice from the CSRC regarding the investigation on January 15, 2025, due to suspected information disclosure violations [1]. - On August 22, 2025, the company received an administrative penalty notice from the CSRC's Beijing Regulatory Bureau [1]. Violations Identified - Huayang Lianzhong failed to disclose non-operating fund occupation by its controlling shareholder, Su Tong, amounting to 181.53 million yuan, which constituted a significant omission in its periodic reports for 2021 and 2022 [2][3]. - The company also underreported bad debt provisions for accounts receivable, leading to inflated profit figures in its annual reports for 2021 and 2022, with profit overstatements of 17.33 million yuan and 69.39 million yuan, respectively [2][4]. Proposed Administrative Penalties - The CSRC plans to impose a fine of 5 million yuan on Huayang Lianzhong, 7.5 million yuan on Su Tong (including 5 million yuan as the controlling shareholder), and 2 million yuan on Guo Jianjun, the former financial officer [5][6]. Company Response and Remediation - The company has conducted a thorough self-examination and rectification regarding the issues raised in the notice, and has recovered the occupied funds by the end of 2023 [7][8]. - Huayang Lianzhong has acknowledged the mistakes and is committed to improving compliance and internal controls to enhance the quality of information disclosure [8][9].
华扬联众数字技术股份有限公司 关于公司及相关人员收到中国证券监督管理委员会北京监管局 《行政处罚事先告知书》的公告