Netac(SZ:300042) 券商中国·2025-12-22 07:19Core Viewpoint - The article discusses the administrative penalty imposed on Zhou Fuchi, the former chairman of Langke Technology Co., Ltd., for engaging in short-term trading violations, highlighting the discrepancy between his public commitment to increase shareholding and his actions of secretly reducing holdings through a controlled company account [2][5]. Group 1: Incident Overview - Zhou Fuchi was fined 800,000 yuan for short-term trading violations after he publicly announced plans to increase his stake in Langke Technology while simultaneously reducing his holdings through a company he controlled [2][5]. - The incident involved a commitment made on October 27, 2022, where Zhou promised to invest between 20 million and 40 million yuan in the company's shares, citing confidence in its future [3][4]. Group 2: Trading Activities - During the commitment period, from October 13, 2022, to March 24, 2023, Zhou purchased 2,135,894 shares of Langke Technology through his personal account [4]. - However, just two weeks later, on April 13, 2023, he began selling a significant amount of shares through the account of Guangdong Langyuan Technology Co., Ltd., which he fully controlled [5]. Group 3: Regulatory Findings - The Shenzhen Securities Regulatory Bureau found that the close timing of the buy and sell transactions constituted a clear violation of the Securities Law, which prohibits company executives from selling shares within six months of purchase [5][6]. - Zhou's defense arguments were rejected by the regulatory body, which confirmed that the evidence supported the conclusion of short-term trading violations, regardless of his claims about the intent behind the transactions [6][7].