Qibu Co.,Ltd.(SH:603557) Mei Ri Jing Ji Xin Wen·2025-09-24 13:56Core Viewpoint - ST起步 has been found guilty of securities fraud and has been fined a total of 67 million yuan (approximately 10 million USD) by the court and the China Securities Regulatory Commission (CSRC) for false reporting in its financial statements from 2018 to 2020 [1][2]. Group 1: Legal Proceedings - On September 23, ST起步 received a criminal judgment from the Lishui Intermediate People's Court, resulting in a fine of 10 million yuan for securities fraud [1]. - The CSRC issued an administrative penalty and market ban against ST起步 and related responsible persons, citing false records and significant omissions in the company's annual reports and convertible bond prospectus during 2018, 2019, and the first half of 2020, leading to a total fine of 57 million yuan [1]. - On July 8, the Lishui People's Procuratorate filed a public prosecution against ST起步, which was accepted by the Lishui Intermediate People's Court, and the trial was held on August 21 [2]. Group 2: Company Response - ST起步 stated that the judgment is a first-instance ruling, and both the company and the defendants have the right to appeal, indicating that the final outcome remains uncertain [2]. - The company will continue to monitor the case and fulfill its information disclosure obligations in a timely manner [2].