后续，上海证券交易所将根据《股票上市规则》有关规定及上市委员会的审议意见，作出是否终止股票上市的决定。若公 司股票被上海证券交易所作出强制终止上市决定，自公告终止上市决定之日后5个交易日届满的次一交易日复牌，进入退市整 理期交易，并在股票简称前冠以"退市"标识。退市整理期的交易期限为15个交易日。退市整理期届满后5个交易日内，上海证 券交易所将对公司股票予以摘牌，公司股票终止上市。 近年来，退市过程中投资者赔偿救济机制也在持续完善，举措日趋多元，示范判决、特别代表人诉讼、支持诉讼、先行赔 付等投保措施均不断有案例落地。根据《最高人民法院关于审理证券市场虚假陈述侵权民事赔偿案件的若干规定》，在立案事 项公告前买入公司股票的投资者，可以以自己受到虚假陈述侵害为由，通过司法途径寻求赔偿。在本案中因公司虚假陈述行为 遭受损失的，适格投资者可以通过诉讼等多元化方式积极向公司及有关责任人员追偿，主动维护自身的合法权益。 （编辑 李波） 本报讯 （记者毛艺融）11月25日晚，江苏吴中医药发展股份有限公司（以下简称"*ST苏吴"）发布公告称，收到中国证监 会作出的《行政处罚决定书》，认定公司连续多年财务造假，情节严重，相关行 ...

智通财经APP讯，*ST东通(300379.SZ)发布公告，公司收到中国证券监督管理委员会北京监管局下发的 《行政处罚决定书》，认定公司2019年至2022年年度报告信息披露存在虚假记载，同时构成欺诈发行。 该行为触及《创业板股票上市规则》规定的重大违法强制退市情形，公司股票可能被终止上市。根据相 关规定，公司股票自2025年11月26日起停牌。 ...

*ST东通11月25日公告，公司收到中国证券监督管理委员会北京监管局下发的《行政处罚决定书》，认 定公司2019年至2022年年度报告信息披露存在虚假记载，同时，因公司2022年度向特定对象发行股票的 相关文件，引用了上述2019年至2021年年度报告中营业收入、利润总额等虚假财务数据，构成欺诈发 行。该行为触及《创业板股票上市规则》规定的重大违法强制退市情形，公司股票可能被终止上市。根 据相关规定，公司股票自2025年11月26日起停牌。 ...

在连续两个交易日收获20%幅度涨停后，*ST东通（300379）于11月20日晚发布股价异动公告称，公司股票交易价格于2025年11月19日、11月20日连续2个 交易日收盘价格涨幅偏离值累计超过30%，属于股票交易异常波动的情况。 据中国证监会9月12日发布的消息，证监会近日对深交所创业板上市公司*ST东通定期报告等财务数据存在虚假记载作出行政处罚事先告知。经查，*ST东 通连续四年虚增收入和利润，违反证券法律法规。证监会拟对上市公司罚款2.29亿元，对7名责任人合计罚款4400万元，对实际控制人采取10年证券市场 禁入。 证监会消息显示，*ST东通涉嫌触及重大违法强制退市情形，深交所将依法启动退市程序。对于可能涉及的犯罪线索，证监会将坚持应移尽移的工作原 则，严格按照刑法、《最高人民检察院公安部关于公安机关管辖的刑事案件立案追诉标准的规定（二）》的规定移送公安机关。 公开信息显示，今年4月，*ST东通因涉嫌定期报告等财务数据存在虚假记载，被证监会立案。8月，*ST东通实控人、董事长黄永军因涉嫌信息披露违法 违规被立案。 今年4月14日，因涉嫌定期报告等财务数据存在虚假记载，*ST东通被中国证监会立案。据中 ...

Core Points - The company ST Cube has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which may lead to mandatory delisting if significant violations are confirmed [1] - The company's ninth board of directors has decided to hold the first extraordinary general meeting of shareholders for 2025 on November 17, with online voting from 9:15 to 15:00 and a physical meeting starting at 14:00 in Liu'an, Anhui Province [1] - The agenda for the upcoming meeting includes proposals to cancel the supervisory board, amend governance systems, and terminate the restricted stock incentive plan [1]

*ST苏吴公告称，公司因涉嫌信息披露违法违规被立案调查，2025年7月13日收到《行政处罚事先告知 书》，认定2020 - 2023年分别虚增营收49,526.32万元、46,850.82万元、43,074.52万元、37,666.41万元， 触及重大违法强制退市情形，股票7月14日起被叠加实施风险警示。若正式处罚决定认定触及该情形， 股票将终止上市。此外，公司还存在财务类退市、面值退市等多重风险，2025年前三季度净利润 - 8,746.80万元，同比降294.03%。 ...

Core Viewpoint - The Beijing Stock Exchange has decided to terminate the listing of *ST Guandao due to long-term and systematic financial fraud, marking it as the first company to be forcibly delisted for major violations on the exchange [2][4]. Group 1: Financial Misconduct - *ST Guandao was found to have engaged in financial fraud for seven consecutive years, significantly inflating both revenue and costs through the fabrication of sales and purchase contracts, invoices, and other documents [5][7]. - The company reported inflated revenues of 143 million, 192 million, 223 million, 249 million, 304 million, 283 million, and 72 million from 2018 to the first half of 2024, representing percentages of 87.34%, 95.39%, 98.96%, 85.87%, 99.39%, 98.14%, and 88.11% of the reported amounts for those periods [9]. - Correspondingly, the inflated costs were 65 million, 85 million, 117 million, 133 million, 163 million, 152 million, and 39 million, with percentages of 84.53%, 91.17%, 98.41%, 83.30%, 99.13%, 92.26%, and 83.81% [9]. Group 2: Regulatory Actions - The China Securities Regulatory Commission (CSRC) imposed a fine of 10 million yuan on *ST Guandao and issued warnings, while key executives faced severe penalties, including lifetime bans from the securities market [12]. - The former chairman and other senior management were held accountable for the fraudulent activities, with the chairman fined 15 million yuan and banned for life, while the secretary was fined 5 million yuan and also banned for life [12]. Group 3: Investor Compensation - As a response to the fraud and subsequent delisting, Minmetals Securities is actively working on a compensation plan for eligible investors, establishing a special fund of approximately 220 million yuan for this purpose [14]. - The compensation mechanism aims to provide timely relief to investors affected by the company's fraudulent disclosures, addressing the challenges of high litigation costs and lengthy recovery processes for small investors [14].

Core Viewpoint - *ST Guangdao has received a decision from the Beijing Stock Exchange to terminate its stock listing due to significant violations of regulations, including falsifying financial reports and overstating revenue and costs [2][6][7]. Group 1: Termination of Listing - On November 12, *ST Guangdao announced it received a decision from the Beijing Stock Exchange regarding the termination of its stock listing [2]. - The company has been suspended from trading since September 15, with a closing price of 9.52 yuan per share and a total market value of 638 million yuan as of September 12 [4]. Group 2: Violations and Financial Misrepresentation - The decision to terminate the listing is based on findings from the Shenzhen Securities Regulatory Bureau, which identified significant violations under the Beijing Stock Exchange's listing rules [6]. - The company was found to have falsified financial documents from 2018 to 2023, inflating reported revenue and costs by substantial margins, with revenue inflation rates reaching as high as 99.39% in 2024 [7]. Group 3: Next Steps and Compensation - *ST Guangdao will enter a delisting preparation period, and if it does not appeal the decision within 15 trading days, its stock will resume trading for a delisting preparation period [8]. - The company is currently working with its sponsor, Wukuang Securities, to establish a compensation fund for eligible investors affected by the delisting [8].

南财智讯11月11日电，*ST长药公告，公司股票于2025年11月10日、2025年11月11日连续2个交易日内日 收盘价格跌幅偏离值累计-34.98%，根据深圳证券交易所交易规则相关规定，属于股票交易异常波动的 情形。针对此次异常波动，公司董事会进行了核实：前期披露的信息不存在需要更正或补充之处；未发 现近期公共传媒报道可能对公司股价产生较大影响的未公开重大信息；公司因涉嫌定期报告等财务数据 虚假记载，已于2025年11月7日收到中国证监会的立案告知书，目前正积极配合调查；公司、控股股东 和实际控制人不存在应披露而未披露的重大事项，且在本次异常波动期间，控股股东及实际控制人未买 卖公司股票；公司无业绩预告需披露，日常经营管理无显著变化。公司董事会确认，除已披露事项外， 目前无其他应披露而未披露的重大信息。同时提示，若未来被中国证监会行政处罚并触及重大违法强制 退市情形，公司股票将面临强制退市风险；目前公司处于预重整阶段，能否进入重整程序尚存在不确定 性，后续亦存在因重整失败而被宣告破产并终止上市的风险。 ...

Core Points - *ST Changyao received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into suspected false financial reporting [1] - The company was previously known as Kangyue Technology and was listed on the Shenzhen Stock Exchange in August 2014 [1] - *ST Changyao operates primarily in the pharmaceutical manufacturing sector and has a secondary focus on photovoltaic equipment [1] Financial Performance - For the first three quarters of 2025, *ST Changyao reported revenue of 105 million yuan, representing a year-on-year increase of 4.40% [1] - The company recorded a net loss attributable to shareholders of 210 million yuan, a decline of 15.89% compared to the previous year [1] Regulatory Risks - The company indicated that if the CSRC's administrative penalties confirm facts that fall under the major illegal circumstances as per the Shenzhen Stock Exchange's rules, it may face mandatory delisting [2]