Core Viewpoint - *ST Guandao is facing potential delisting from the Beijing Stock Exchange due to significant violations related to false disclosures in its financial reports [1] Group 1: Company Announcement - On September 19, *ST Guandao received a notice from the Beijing Stock Exchange regarding the proposed termination of its stock listing [1] - The notice is a result of the company's previous announcement on September 12, which disclosed receiving an administrative penalty decision from the China Securities Regulatory Commission [1] Group 2: Regulatory Findings - The administrative penalty decision identified false records in the company's annual reports from 2018 to 2023, as well as the half-year report for 2024 and the draft for the 2024 specific object stock issuance [1] - These violations fall under the major illegal circumstances that trigger mandatory delisting as per the Beijing Stock Exchange listing rules [1] Group 3: Historical Context - *ST Guandao is noted as the first company to face mandatory delisting due to major violations on the Beijing Stock Exchange [1]
*ST广道拟被终止股票上市交易,系北交所首例