CDT(SZ:300344) Xin Lang Cai Jing·2025-12-03 01:20Core Viewpoint - Lifan Technology Co., Ltd. is facing administrative penalties from the Anhui Regulatory Bureau of the China Securities Regulatory Commission due to inflated revenue and profit figures in its financial reports from 2021 to 2023, potentially leading to significant legal and financial repercussions for the company and its executives [1][2]. Summary by Relevant Sections Administrative Penalties - On November 28, 2025, Lifan Technology received a notice of administrative penalties, proposing a fine of 10 million yuan for the company and fines ranging from 1 to 5 million yuan for 10 responsible individuals, with three individuals facing a 10-year market ban [1]. - The company may face forced delisting due to serious violations, with a warning for resumption of trading [1]. Investigation Background - The investigation began on April 28, 2025, when Lifan Technology was notified of a case regarding suspected violations of information disclosure laws related to its periodic reports [1]. - The investigation revealed that from 2021 to 2023, the company and its subsidiaries inflated revenue and profits through three methods: agency business, financing trade, and fictitious trade, leading to false records in annual reports [1]. Investor Compensation - A reminder was issued for affected investors who purchased shares between April 25, 2022, and January 22, 2025, to voluntarily register for compensation through the "Sina Investor Rights Protection Platform" [2][3]. - The conditions for investor claims include holding shares during the specified period, regardless of whether they sold after January 23, 2025 [3].