财务造假，顶格处罚！这家公司，或触及重大违法强制退市！

Core Viewpoint - The article discusses the severe penalties imposed on Shenzhen Guangdao Digital Technology Co., Ltd. (*ST Guangdao) by regulatory authorities due to financial fraud, which may lead to mandatory delisting from the Beijing Stock Exchange [1][3][4]. Group 1: Regulatory Actions - On June 13, *ST Guangdao received a notice from the China Securities Regulatory Commission (CSRC) indicating potential violations that could lead to mandatory delisting under the Beijing Stock Exchange's listing rules [1]. - The company will be suspended from trading for one day following the announcement and will face a significant delisting risk warning upon resuming trading [1][3]. - The CSRC has determined that *ST Guangdao engaged in fraudulent activities, including fabricating sales and procurement documents, resulting in inflated revenue and costs in its financial reports from 2018 to 2024 [3][4]. Group 2: Penalties Imposed - The penalties include a fine of 10 million yuan for *ST Guangdao and a fine of 15 million yuan for its chairman and general manager, Jin Wenming, with specific amounts allocated for direct responsibility and as a controlling shareholder [4]. - Other board members and supervisors also received fines ranging from 150,000 to 5 million yuan, reflecting the severity of the violations [4]. - The regulatory actions demonstrate a "zero tolerance" approach towards financial fraud, aiming to enhance the legal framework of the securities market [4]. Group 3: Investor Protection Measures - The underwriting institution, Wukuang Securities, has committed to compensating eligible investors for losses incurred due to the company's financial misconduct [5][6]. - The compensation process is based on Article 93 of the Securities Law, allowing for advance payments to affected investors, with the possibility of subsequent recovery from the responsible parties [6]. - Previous cases of advance compensation have been noted, indicating a growing trend in investor protection following financial fraud incidents [6].