CZTL(SH:603158) Zhong Guo Jing Ji Wang·2025-09-26 08:04Core Viewpoint - Ye Fei, who was involved in the "pseudo market value management" scandal in A-shares, was released from prison after serving four years for manipulating the securities market and other related crimes [1] Group 1: Ye Fei's Case - Ye Fei publicly reported a listed company for "stock manipulation and default" in 2021, leading to significant stock price declines for several companies he named [1] - In 2023, the Qingdao Intermediate Court sentenced Ye Fei to over three years in prison for manipulating the securities market and imposed a fine of 500,000 yuan [1] - Ye Fei's multiple cases were consolidated, resulting in a final sentence of four years in prison [1] Group 2: Tanglong Co., Ltd. Involvement - The judgment document revealed that Dong Xiaoyan, the actual controller of Tanglong Co., Ltd. (603158.SH), was involved in manipulating the company's stock price [1] - From October 15, 2018, to June 28, 2019, Dong Xiaoyan and others controlled 98 securities accounts to manipulate Tanglong's stock through continuous trading, resulting in Dong Xiaoyan's accounts earning approximately 2.66 million yuan while others incurred losses [2] - Dong Xiaoyan resigned from all positions in Tanglong Co., Ltd. due to personal reasons, and the company stated it had not faced any penalties related to the stock manipulation issue [2] Group 3: Shareholding Changes - On September 28, 2019, Tanglong Co., Ltd. announced the completion of a share reduction plan, where a shareholder reduced their holdings by 3.2 million shares, accounting for 1.4749% of the total share capital, with a total reduction amount of 46,887,171 yuan [3] - The partnership information revealed that Dong Xiaoyan was a partner in the investment firm Xinsheng Fumao, holding a 10% stake [3]