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Core Viewpoint - The company *ST Guandao is facing mandatory delisting from the capital market due to systemic financial fraud over seven consecutive years, with the China Securities Regulatory Commission (CSRC) imposing a total fine of 40.2 million yuan [2][11]. Group 1: Financial Fraud Details - *ST Guandao has been found to have fabricated sales and procurement activities through false contracts, invoices, and other documents, resulting in inflated revenue and costs [7][9]. - From 2018 to the first half of 2024, the company inflated its revenue by amounts ranging from 71.6 million yuan to 303.97 million yuan, with the inflated revenue constituting up to 99.39% of reported figures in certain years [8][11]. - The inflated costs during the same period ranged from 38.63 million yuan to 162.51 million yuan, with similar high percentages of inflation relative to reported figures [8][11]. Group 2: Penalties and Consequences - The CSRC has imposed a fine of 1 million yuan on *ST Guandao and a total of 30.2 million yuan on 12 responsible individuals, including the actual controller, Jin Wenming, who received a fine of 15 million yuan [2][11]. - Jin Wenming and Zhao Lu, the company's former executives, have been banned from the securities market for life due to their involvement in the fraud [12][13]. - The company will be subject to a mandatory delisting process, with its stock set to be suspended from trading starting September 15, 2025 [4][11].