重大违法强制退市！10人被判刑

Core Viewpoint - The recent criminal judgment against Guangdong Ziqing Information Storage Technology Co., Ltd. (Ziqing Storage) highlights the consequences of financial fraud, resulting in prison sentences for the actual controllers and significant fines for the company [2][3]. Summary by Sections Criminal Judgment - Ziqing Storage received a criminal judgment from the Meizhou Intermediate People's Court, with the company fined 37 million RMB for fraudulently issuing securities [2]. - Ten individuals, including the actual controllers Zheng Mu and Luo Tiewei, were sentenced to prison, with the longest term being seven years and six months [2]. Financial Fraud Details - The company was accused of fraudulently issuing securities to achieve its listing goals, involving inflated revenue and profits through fake contracts and documents from 2016 to 2018 [2]. - The total amount raised through three rounds of capital increases was approximately 413.4 million RMB, with significant profit inflation reported: 34.83% in 2017, 32.25% in 2018, and 42.97% in the first half of 2019 [2]. Violations of Information Disclosure - After going public, Ziqing Storage continued to misrepresent its financial performance, leading to false disclosures in annual reports from 2019 to 2021, which harmed shareholders and investors [3]. Investor Compensation - Nearly 17,000 investors have received over 1 billion RMB in compensation due to the company's fraudulent activities, with a high percentage of claims processed within a short timeframe [4][5]. - The China Securities Regulatory Commission (CSRC) has taken measures to ensure that affected investors can continue to claim compensation [5]. Involvement of Intermediaries - Four intermediary institutions, including CITIC Securities and accounting firms, were implicated in the case and agreed to pay a total of approximately 1.275 billion RMB in commitment funds to cover investor losses and ensure compliance [6]. - The CSRC has concluded its investigation into these intermediaries after they fulfilled their obligations under the commitment agreement [6]. Future Legal Actions - Investors who did not apply for compensation within the designated period may pursue civil litigation against Ziqing Storage and related parties for damages [7].