Huan Qiu Wang·2025-08-27 02:21Core Viewpoint - The regulatory authorities have demonstrated a "zero tolerance" attitude towards violations such as illegal guarantees and fund occupation, aiming to protect the legitimate rights and interests of listed companies and small investors [1]. Group 1: *ST Lingda Violations - *ST Lingda has been penalized for multiple violations, including failing to disclose external guarantee matters, with a total of 126 million yuan in illegal guarantees over 12 months, accounting for 19.10% of the latest audited net assets [4]. - The company also failed to disclose related party fund occupation, with a total of 65.6 million yuan occupied from June to December 2023, representing 9.95% of the latest audited net assets [4]. - The Dalian Securities Regulatory Bureau plans to issue a warning and impose a fine of 1 million yuan on *ST Lingda, while the former chairman and vice chairman will each receive a warning and a fine of 2 million yuan [5]. Group 2: Xinhuajin Violations - Xinhuajin was penalized for non-operational occupation of company funds by its actual controller, with a balance of 406 million yuan occupied as of the report date, violating relevant regulations [5]. - The Qingdao Securities Regulatory Bureau has mandated Xinhuajin and its group to correct the situation and record it in the securities market integrity file, with further measures to be taken based on inspection results [5]. - If Xinhuajin fails to recover the occupied funds within one month, the Shanghai Stock Exchange will implement other risk warnings on its stock, and failure to comply within six months may lead to stock suspension and potential delisting [5].