“退市不免责”又一例！爱康科技及5名责任人被罚3430万

Core Viewpoint - The case of Aikang Technology highlights the principle that "delisting does not exempt from responsibility," as the Zhejiang Securities Regulatory Bureau has imposed administrative penalties for significant information disclosure violations and false records from 2019 to 2023 [1][2]. Summary by Sections Aikang Technology Penalties - Aikang Technology was penalized for major omissions and false records in information disclosure from 2019 to 2023, with additional violations in 2024 [2]. - The company failed to disclose non-operating fund occupation and related guarantees as required, leading to a fine of 12 million yuan and a warning [2]. - The chairman and actual controller, Zou Chenghui, received a total fine of 16 million yuan, including 6 million yuan for direct responsibility and 10 million yuan as the actual controller, along with a lifetime ban from the securities market [2][3]. Other Responsible Persons - Other executives, including the vice president and board members, received fines ranging from 60,000 to 3 million yuan and were subjected to varying lengths of market bans [3]. - Aikang Technology had previously received a notice of administrative penalty from the Zhejiang Securities Regulatory Bureau in May 2025, with additional penalties for six other responsible persons pending [3]. Broader Context of Delisted Companies - Multiple delisted companies have faced penalties this year, including Hengli Industrial, which was fined 39.4 million yuan for inflating revenue by 595 million yuan from 2020 to mid-2023 [4]. - Other delisted companies, such as Qingdao Zhongcheng and Fan Hai Holdings, have also received penalties totaling millions for information disclosure violations [4][5]. Legal and Regulatory Framework - The regulatory environment emphasizes a comprehensive accountability system for delisted companies and their responsible parties, integrating administrative, civil, and criminal liabilities [6]. - This multi-faceted approach aims to deter misconduct and provide remedies for investors, enhancing market integrity and self-purification mechanisms [6].