Xin Lang Cai Jing·2025-12-30 09:26Core Viewpoint - Panda Financial Holdings Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following a series of financial irregularities and management issues [1][4]. Financial Irregularities - The company's 2024 financial statements received an audit report that could not express an opinion, and internal controls have been given negative opinions for five consecutive years, highlighting issues such as unauthorized use of seals and chaotic small loan operations [4]. - In 2024, the company provided a pledge guarantee for 300 million yuan of term deposits without board approval, later replacing the funds and fully recognizing impairment losses [4]. - An additional 176 million yuan was reported to have flowed out under the guise of procurement and acquisition payments, with unverified destinations [4]. Management Issues - The actual controller, Zhao Weiping, was arrested in 2022 for illegal public deposit absorption, leading to the freezing of all his shares [4]. - The company's 2024 performance forecast shifted from profit to loss, indicating serious discrepancies in the earnings forecast [4]. Investor Compensation - Affected investors who purchased shares between December 2, 2024, and April 27, 2025, and held them can voluntarily register for compensation through the "Sina Investor Rights Protection Platform," regardless of whether they sold shares after April 28, 2025 [2][5].