QITIAN Technology(SZ:300061) Zheng Quan Shi Bao Wang·2025-09-06 06:47Core Viewpoint - The Ningbo Securities Regulatory Bureau has issued a penalty for insider trading involving an individual named Li, who profited from trading shares of Qitian Technology after overhearing insider information [1][2][3]. Group 1: Insider Trading Incident - Li overheard discussions about a private placement involving Qitian Technology on April 15, 2024, and subsequently traded shares through a relative's account, resulting in a profit of approximately 260,000 yuan [2][3]. - The insider information was confirmed to be significant and was not publicly disclosed until July 26, 2024, indicating that Li's trading occurred during a sensitive period [2][3]. Group 2: Legal Proceedings and Defense - Li claimed that he did not intentionally seek out insider information and used the relative's account to support family members through stock trading [4][5]. - During the hearing, Li's defense argued that the calculation of illegal gains was incorrect, suggesting a different method of calculation that would yield a lower amount [5]. Group 3: Regulatory Findings and Penalty - The Ningbo Securities Regulatory Bureau concluded that Li's actions constituted insider trading as defined by securities law, and the evidence was deemed sufficient to support this conclusion [3][6]. - The Bureau decided to confiscate Li's illegal gains of 260,022.03 yuan and imposed an additional fine of 800,000 yuan, taking into account Li's cooperation during the investigation [6][7].