Tongtech(SZ:300379) Xin Lang Cai Jing·2025-09-12 11:15Core 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 [1] Summary by Categories Company Actions - *ST Dongtong has been found to have inflated revenue and profits for four consecutive years, leading to potential severe legal consequences [1] - The CSRC plans to impose a fine of 229 million yuan on the company [1] Penalties and Consequences - A total of 44 million yuan in fines will be levied against seven responsible individuals [1] - The actual controller of *ST Dongtong faces a 10-year ban from the securities market [1] Regulatory Measures - The company is suspected of triggering conditions for mandatory delisting due to significant legal violations, prompting the Shenzhen Stock Exchange to initiate delisting procedures [1] - The CSRC will transfer any potential criminal evidence to law enforcement agencies in accordance with relevant legal standards [1]