2 1 Shi Ji Jing Ji Bao Dao·2025-09-15 11:49Core Viewpoint - Recent penalties imposed on *ST Lingda and Yangmei Chemical highlight the regulatory authorities' zero-tolerance stance towards the misuse of listed companies' funds and information disclosure violations [1][6] Group 1: *ST Lingda's Violations - *ST Lingda failed to disclose related party fund occupation amounting to 65.6 million yuan, which is 9.95% of its latest audited net assets [2] - The company also did not disclose external guarantees totaling 126 million yuan, representing 19.10% of its latest audited net assets, with violations occurring over a 12-month period [3] - The penalties included a fine of 1 million yuan for the company and 4 million yuan for responsible individuals, reflecting a strict regulatory approach towards major offenders [3][4] Group 2: Yangmei Chemical's Violations - Yangmei Chemical's violations involved the non-operational occupation of 1.126 billion yuan by its controlling shareholder, which was not disclosed in financial reports, constituting 17.74% of its latest audited net assets [6][7] - The company received a fine of 1.5 million yuan, while the controlling shareholder and responsible personnel faced fines totaling 6.9 million yuan [6][7] Group 3: Regulatory Efficiency - The regulatory process has significantly accelerated, with *ST Lingda's case taking less than 10 months from the initiation of the investigation to the final penalty decision [8] - Yangmei Chemical's case was resolved in just over two months, indicating a marked improvement in regulatory efficiency [10]