SANQI HUYU(SZ:002555) Zhong Guo Ji Jin Bao·2025-11-01 06:51Core Viewpoint - Sanqi Interactive Entertainment is facing administrative penalties exceeding 30 million yuan due to violations of information disclosure regulations as determined by the China Securities Regulatory Commission (CSRC) [1][11]. Group 1: Violations of Information Disclosure - The company and its executives, including Chairman Li Weiwei and Vice Chairman Zeng Kaitian, are under investigation for four specific violations related to false disclosures in annual reports from 2014 to 2020 [2][3]. - The violations include false records of shareholder holdings, where shares were held on behalf of Li Weiwei and Zeng Kaitian, leading to misleading information in the company's annual reports [2][3]. - The CSRC has identified that the company failed to disclose significant related party transactions, including a 20% stake acquisition in Jiangsu Aurora, which was not reported in the 2018 annual report [4][5]. Group 2: Financial Penalties - The CSRC plans to impose a total fine of 9 million yuan on Sanqi Interactive Entertainment, with additional fines for individual executives: 14 million yuan for Li Weiwei, 3.5 million yuan for Zeng Kaitian, and 3.5 million yuan for Yang Jun [11][12]. - Other executives, including Ye Wei and Hu Yuhang, will also face fines ranging from 80,000 to 1.5 million yuan for their roles in the violations [11][12]. Group 3: Company Operations and Market Impact - Despite the penalties, the company has stated that its production and operations remain normal and that these issues will not have a significant impact on its business [12]. - As of October 31, the company's stock closed at 20.77 yuan per share, with a total market capitalization of 45.948 billion yuan [13].