Zitian Technology(SZ:300280) 中国基金报·2025-09-06 07:48Core Viewpoint - *ST Zitian has been terminated from listing due to serious financial fraud and failure to rectify false records in its periodic reports [1][3][6]. Summary by Sections Termination of Listing - On September 5, *ST Zitian announced that it received a decision from the Shenzhen Stock Exchange to terminate its stock listing due to serious false records in its financial reports [3][7]. - The stock will resume trading on September 15 and enter a delisting preparation period lasting 15 trading days, with the expected last trading date on October 13 [3]. Financial Misconduct - On May 20, *ST Zitian was ordered by the China Securities Regulatory Commission (CSRC) to rectify its financial accounting reports due to false records but failed to do so within the required timeframe [6][9]. - The company did not disclose corrected financial reports within two months of being warned, leading to the termination of its listing [7]. Regulatory Actions and Penalties - On August 22, *ST Zitian received an administrative penalty from the Fujian Regulatory Bureau, which found false records in its 2022 annual report and 2023 semi-annual report [9]. - The company was fined 8.5 million yuan, and key executives, including the chairman and financial director, received individual fines and warnings [9][10]. - The chairman and financial director were banned from the securities market for ten years due to obstructing regulatory investigations, with a lifetime ban imposed due to the severity of their actions [9].