判了！子公司骗税被罚没2400万元，负责人被判刑！母公司连续多年财务造假，被实控人钱氏姐弟“掏空”，将被上交所摘牌

Core Viewpoint - A tax fraud case involving Jiangsu Wuzhong and its subsidiary has reached a final verdict, with significant implications for the company's future and ongoing operations [1][2]. Group 1: Legal Proceedings and Verdict - Jiangsu Wuzhong's wholly-owned subsidiary, Wuzhong Import and Export Co., received a final ruling from the Hunan Province Hengyang Intermediate People's Court, upholding the original judgment [1]. - The first-instance judgment revealed that Wuzhong Import and Export was found guilty of tax fraud, resulting in a fine of 8 million yuan, and the former legal representative, Yang Feng, was sentenced to 3 years and 6 months in prison along with a fine of 123,000 yuan [1][4]. - The court also ordered the confiscation of illegal gains amounting to 16 million yuan, which had been seized by law enforcement [1]. Group 2: Financial Implications and Company Operations - Jiangsu Wuzhong announced that the verdict would not affect its normal business operations, stating that the company's current operational status remains stable [1]. - The tax fraud case spanned from July 2011 to December 2018, during which Wuzhong Import and Export fraudulently obtained approximately 242 million yuan in export tax rebates [4]. - The company had previously reported a significant drop in profits from Wuzhong Import and Export, with a 98.77% decrease in 2019 compared to 2018, which was later linked to the fraudulent activities [5]. Group 3: Company’s Listing Status and Investor Rights - Jiangsu Wuzhong is facing delisting, with only six trading days remaining before its stock enters a delisting period, expected to conclude on December 29, 2025 [2][7]. - Despite the impending delisting, investors who purchased shares between April 20, 2019, and February 26, 2025, retain the right to claim compensation for losses incurred [6][7]. - The company is under scrutiny for financial misconduct, including inflated revenues exceeding 1.7 billion yuan over four years, which has led to potential legal repercussions for its current management [6].