东方通严重财务造假，将强制退市

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued a notice of administrative penalty against Beijing Orient Telecom Technology Co., Ltd. (*ST Dongtong) for suspected false reporting of financial data, indicating serious violations of securities laws and regulations [1] Group 1: Financial Misconduct - *ST Dongtong has inflated its revenue and profits for four consecutive years, violating securities laws [1] - The CSRC plans to impose a fine of 229 million yuan on the company and a total of 44 million yuan on seven responsible individuals [1] - The actual controller of *ST Dongtong will face a 10-year ban from the securities market [1] Group 2: Regulatory Actions - The company is suspected of triggering significant violations that could lead to mandatory delisting, prompting the Shenzhen Stock Exchange to initiate delisting procedures [1] - The CSRC will transfer any potential criminal evidence to the public security authorities in accordance with relevant legal standards [1]