QITIAN Technology(SZ:300061) Zhong Guo Ji Jin Bao·2025-09-06 16:08Core Viewpoint - The Ningbo Securities Regulatory Bureau has revealed a significant insider trading case involving Li Jungang, who profited approximately 260,000 yuan by trading shares of Qitian Technology after overhearing insider information about a private placement [2][3][4]. Group 1: Insider Trading Details - Li Jungang overheard discussions about a private placement involving Qitian Technology on April 15, 2024, and subsequently bought 72,800 shares on April 29, 2024, for approximately 303,400 yuan [5][8]. - The insider information was related to Qitian Technology's plan to issue shares to Shenzhen Qicaihong Haoyue Technology Co., which would result in Qicaihong becoming the controlling shareholder of Qitian Technology [5][6]. - Following the announcement of the private placement on July 26, 2024, Qitian Technology's stock experienced significant price increases, with multiple days of 20% price limits [6]. Group 2: Regulatory Actions and Penalties - The Ningbo Securities Regulatory Bureau decided to confiscate Li Jungang's illegal gains of approximately 260,000 yuan and impose an additional fine of 800,000 yuan, totaling over 1,060,000 yuan in penalties [3][10]. - The bureau stated that Li Jungang's actions violated multiple provisions of the Securities Law, constituting insider trading [8][10]. - Despite Li Jungang's defense that he did not intentionally seek insider information and that the calculation of illegal gains was incorrect, the regulatory body maintained that the evidence was sufficient and the penalties were justified [9][10].