QITIAN Technology(SZ:300061) Zheng Quan Shi Bao Wang·2025-09-07 01:04Core Viewpoint - The article discusses a case of insider trading involving an individual named Li, who overheard confidential information and subsequently traded stocks of Qitian Technology, resulting in significant profits. The Ningbo Securities Regulatory Bureau has imposed penalties on Li for these actions [1][2][3]. Group 1: Insider Trading Incident - Li 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, earning a profit of 260,000 yuan [2][3]. - The insider information was related to a significant event where Qitian Technology planned to issue shares to a specific entity, which would result in a change of control [2][3]. Group 2: Regulatory Actions - The Ningbo Securities Regulatory Bureau conducted an investigation and determined that Li's actions violated securities laws, specifically regarding insider trading [3][6]. - Li's defense claimed that he did not intentionally seek out insider information and used a relative's account for trading to provide financial support [4][5]. Group 3: Penalties and Calculations - The regulatory body concluded that Li's trading activities constituted insider trading and decided to confiscate his illegal gains of 260,022.03 yuan and impose an additional fine of 800,000 yuan [6][7]. - The calculation of illegal gains was confirmed to be accurate, following the "last in, first out" method, which aligns with regulatory practices [7].