mailyard(SH:600107) Xin Lang Cai Jing·2026-01-12 08:57Group 1 - The core issue involves the illegal occupation of non-operating funds by the actual controller Zheng Jiping, with over 100 million yuan flowing into related companies under the guise of energy trading and equipment procurement, unbeknownst to thousands of investors [1][2] - The Hubei Securities Regulatory Bureau has issued a notice of administrative penalty, proposing a fine of 3 million yuan for the company and 4.5 million yuan for the actual controller, along with warnings for all responsible parties [1][2] - The company failed to disclose this information in a timely manner, leading to significant omissions in its periodic reports [3] Group 2 - The funds in question, totaling 10,372 million yuan, were transferred to related parties Beijing Zhongfang Silk Road Investment Management Co., Ltd. and Material Valley Jin Dai (Hubei) High-tech Industry Development Co., Ltd., both controlled by Zheng Jiping, for daily operations and debt repayment [2] - In addition to administrative penalties, ST Er Ya faces severe delisting risks, as its stock has already been subjected to other risk warnings due to a negative internal control audit report for the 2024 fiscal year [4]