还没上市，就涉嫌操纵市场？固德电材若上市还能走稳？

Group 1 - The core issue revolves around the warning letter issued by the Jiangsu Securities Regulatory Bureau to the chairman of Gude Electric Materials, Zhu Guolai, for failing to disclose shareholding arrangements, leading to inaccurate shareholder information in financial reports [2][3] - The shareholding arrangements involved two instances of shareholding on behalf of others, with the first occurring from August to November 2016, where Zhang Aijuan held 65,000 shares on behalf of Zhu Ying, and the second in September 2016, where she held 42,000 shares on behalf of Li Xianggen [2] - The prospectus of Gude Electric Materials explicitly stated that the first shareholding arrangement was intended to enhance trading activity on the New Third Board, indicating a potential manipulation of market perception [3][4] Group 2 - A significant transaction occurred on July 14, 2016, where Zhu Guolai sold 900,000 shares to his wife, Zhu Ying, at a price of 1 yuan per share, followed by Zhu Ying selling 1,000 shares to Zhang Aijuan at 10 yuan per share the next day, indicating a "wash trade" scenario [4] - The trading activities between Zhu Guolai, Zhu Ying, and Zhang Aijuan resulted in a price fluctuation exceeding 50% in the stock price, raising concerns about market manipulation [4][5] - There is an indication that both Zhu Ying and Zhang Aijuan sold shares to a third party, Liang Yongqi, at a price of 11 yuan per share shortly after the company went public, with the brokerage involved being the same for all parties, suggesting coordinated trading [6][7]