DOCTORGLASSES CHAIN CO.(SZ:300622) Zheng Quan Shi Bao·2026-01-23 11:24Core Points - The China Securities Regulatory Commission (CSRC) imposed a fine exceeding 1 billion yuan on Yu Han for market manipulation involving the stock of "Doctor Glasses" [1][3] - During the manipulation period from June 25, 2019, to August 16, 2024, Yu Han controlled 67 accounts to influence the trading price and volume of "Doctor Glasses" [1][2] - The stock price of "Doctor Glasses" increased from 13.72 yuan to 37.81 yuan, representing a rise of 175.58%, while the Shenzhen Composite Index fell by 9.36% during the same period [2] Summary by Sections Investigation Findings - Yu Han was found to have manipulated the stock price and trading volume of "Doctor Glasses" through concentrated capital and shareholding advantages [1][2] - The trading volume of "Doctor Glasses" accounted for over 10% of the market volume on 12 trading days, peaking at 25.32% [1] Legal Proceedings - Yu Han's claims of lacking subjective intent for market manipulation and the assertion that he only controlled 9 accounts were rejected by the CSRC [2] - The CSRC concluded that the evidence sufficiently demonstrated Yu Han's intent to manipulate the stock [2] Penalties - The CSRC decided to confiscate Yu Han's illegal gains of 5.11 billion yuan and imposed an equal fine of 5.11 billion yuan [3]