突发！又一A股董事长，被采取刑事强制措施

Core Viewpoint - The chairman and a board member of Ruiskanda have been subjected to criminal coercive measures due to allegations of violating disclosure regulations, which are linked to previous administrative penalties imposed by the China Securities Regulatory Commission (CSRC) for financial misconduct [2][4][8]. Summary by Sections Criminal Measures - On July 7, Ruiskanda announced that its chairman and general manager, Li Yuejie, along with board member Zhu Chuncheng, are facing criminal coercive measures from the Beijing Chaoyang Public Security Bureau for suspected violations of disclosure laws [2][4]. - Zhu Chuncheng has been released on bail, while Li Yuejie is unable to perform his duties, leading to the appointment of Han Meng as acting chairman and general manager [6]. Financial Misconduct - The allegations of improper disclosure are connected to a prior administrative penalty from the CSRC in September 2023, which found that Ruiskanda engaged in fraudulent financial reporting from 2019 to 2020 [8]. - The company was involved in a fictitious business model through its subsidiary, Beijing Shenlan Xuntong Technology Co., which falsely represented its operations in the specialized network communication sector [8][10]. - The fraudulent activities resulted in inflated financial statements, with reported revenue increases of CNY 351 million in 2019 and CNY 281 million in 2020, alongside corresponding inflated costs and profits [10]. Regulatory Actions - The CSRC has mandated Ruiskanda to rectify its practices, issued warnings, and imposed fines totaling CNY 2 million on the company, with individual fines of CNY 1 million each for Li Yuejie and Zhu Chuncheng [10]. - Multiple responsible parties received warnings and fines as part of the regulatory response to the misconduct [10]. Company Background - Ruiskanda has been active in the telecommunications industry for many years, with business operations spanning all-optical networks, switching routing, cloud network security integration, wireless communication, and edge computing [11]. - As of July 7, the company's stock price was reported at CNY 9.55 per share, with a total market capitalization of CNY 4.1 billion [12].