Jiangsu wuzhong(SH:600200) 中国基金报·2025-11-26 02:58Core Viewpoint - *ST Suwu has been identified by the China Securities Regulatory Commission (CSRC) for three major violations, leading to a mandatory delisting situation, with trading suspension starting from November 26 [2][5][14]. Summary by Sections Regulatory Violations - The CSRC issued an administrative penalty decision on November 25, confirming three violations by *ST Suwu and related parties: 1. Failure to disclose the actual controller truthfully, with false records in annual reports from 2018 to 2023 [9]. 2. Inflating revenue, operating costs, and profits, with false records in annual reports from 2020 to 2023 [10]. 3. Not disclosing the non-operational occupation of funds by related parties, with significant omissions in annual reports from 2020 to 2023 [11]. Penalties Imposed - The CSRC has ordered *ST Suwu to correct its violations, issued a warning, and imposed a fine of 10 million yuan. Additionally, fines totaling 20.5 million yuan were levied against individuals involved, including a 10-year market ban for the actual controller, Qian Qunshan [11][12]. Stock Suspension and Delisting Process - Following the CSRC's decision, *ST Suwu's stock will be suspended from trading starting November 26, as it falls under the mandatory delisting criteria set by the Shanghai Stock Exchange [14][16]. The stock will enter a delisting adjustment period of 15 trading days, after which it will be delisted [16]. Investor Protection Measures - In light of the financial fraud leading to delisting, investors may seek compensation through various means, including pre-compensation and legal actions, supported by recent regulatory measures aimed at enhancing investor protection [17].