CYG(SH:600525) Xin Lang Cai Jing·2025-12-30 06:14Core Viewpoint - Changyuan Technology Group Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may be linked to related party fund occupation and previous disclosure issues [1][4]. Group 1: Investigation and Legal Actions - The CSRC issued a notice of investigation to Changyuan Group on December 26, 2025, due to suspected violations of information disclosure laws [1][2]. - Investors who purchased shares between October 28, 2023, and April 28, 2025, and still hold them, may voluntarily register for compensation through the "Sina Investor Rights Protection Platform" [2][5]. Group 2: Financial Misconduct - The company previously disclosed that its former chairman, Wu Qiquan, used a "borrow new to repay old" method to occupy company funds, with a total of over 294 million yuan occupied in 2023 and 2024 [4]. - The company received a qualified audit opinion due to the inability to verify the authenticity of related party transactions, leading to significant internal control deficiencies and a change in stock status to "ST Changyuan (Rights Protection)" [4]. Group 3: Historical Context - This is not the first time Changyuan Group has faced issues related to information disclosure; in 2020, the company was penalized by the CSRC for inflating revenue by over 360 million yuan during 2016-2017 [4].