江苏吴中公告称，公司2020 - 2023年年度报告连续4年虚假记载，触及重大违法强制退市情形，上交所 决定终止其股票上市。股票于2025年12月9日进入退市整理期，交易15个交易日，截至公告披露日已交 易2个，剩余13个，预计最后交易日期为12月29日。退市整理期届满后5个交易日内摘牌，期间不筹划或 实施重大资产重组。公司提醒投资者了结相关业务，有权机关提前办续冻手续。 ...

*ST立方公告称，公司因定期报告涉嫌信披违法违规被立案调查，2021 - 2023年年报存虚假记载， 2021、2022年虚假记载营收达5.92亿元，占两年披露营收合计金额的50.91%，公司可能触及重大违法强 制退市情形。此外，持股5%以上股东樊立所持6755.73万股（占总股本10.53%）原定于2025年12月11 - 12日二拍，目前已中止，拍卖因债务纠纷而起。 ...

Group 1 - The resignation of Huang Yongjun as Chairman and Xu Shaopu as Director and CFO of *ST Dongtong was announced due to personal reasons, with Huang no longer holding any position in the company [1] - Zhao Yongjie has been appointed to temporarily assume the responsibilities of Chairman and Strategic Committee Chairman until a new Chairman is elected [1] - Wang Qiaorui has been appointed as the new CFO, effective from the date of the board's approval until the end of the current board's term [1] Group 2 - *ST Dongtong received an administrative penalty from the Beijing Securities Regulatory Bureau for false disclosures in annual reports from 2019 to 2022 [2] - The company was found to have used false financial data in documents related to stock issuance, constituting fraudulent issuance [2] - As a result of these violations, *ST Dongtong's stock was suspended from trading starting November 26, and the Shenzhen Stock Exchange is considering terminating its listing [2][3]

Group 1 - The chairman and financial director of *ST Dongtong have resigned due to personal reasons, with Huang Yongjun stepping down from all positions and Xu Shaopu resigning from several roles but remaining with the company [2] - The board of directors held a meeting on December 8 to ensure normal operations, appointing Zhao Yongjie as the acting chairman and head of the strategic committee until a new chairman is elected [2] - Wang Qiaorui has been appointed as the new financial director, with a term lasting until the end of the fifth board of directors [2] Group 2 - Both Huang Yongjun and Xu Shaopu had original terms from March 25, 2024, to August 10, 2026, and resigned before their terms ended [3] - On November 25, *ST Dongtong received an administrative penalty from the Beijing Securities Regulatory Bureau for false disclosures in annual reports from 2019 to 2022, which included fraudulent financial data in stock issuance documents [3] - The company was identified as being in violation of the Shenzhen Stock Exchange's rules, leading to a suspension of trading starting November 26, with a notice of potential termination of stock listing issued by the exchange [3][4]

【导读】*ST东通董事长及财务总监、董事会秘书均辞职 中国基金报记者 闻言 12月8日晚间，*ST东通发布公告称，黄永军因个人原因申请辞去公司董事长、董事职务，同 时辞去公司董事会战略委员会主任委员职务。黄永军辞职后，不再担任公司任何职务。 *ST东通董事会推举其董事、总经理赵永杰，代为履行董事长及战略委员会主任委员职责，直 至选举产生新任董事长为止。 同时，徐少璞因个人原因申请辞去*ST东通董事、副总经理、财务总监及董事会秘书职务，同 时辞去公司董事会战略委员会委员职务。徐少璞辞职后，仍在*ST东通任职。 公告显示，为了确保*ST东通董事会正常运作，*ST东通董事会在12月8日召开会议，审议通 过了《关于推举董事、总经理代行董事长职责的议案》。 同时，*ST东通董事会审议通过了《关于聘任财务总监的议案》。*ST东通董事会同意聘任王 巧瑞为财务总监，任期自本次董事会审议通过之日起至第五届董事会届满之日止。 为保证信息披露等工作正常进行，*ST东通在未正式聘任董事会秘书期间，暂由*ST东通董事 周惠东代行董事会秘书职责。 黄永军、徐少璞的原定任期均是2024年3月25日至2026年8月10日。即上述二人均在原定 ...

Core Viewpoint - Suzhou Qingyue Optoelectronics Technology Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data, which may lead to severe penalties including potential delisting from the Shanghai Stock Exchange if violations are confirmed [1][2]. Group 1 - The company disclosed on November 1, 2025, that it received a notice of investigation from the CSRC due to allegations of false financial reporting [1]. - The CSRC's investigation is ongoing, and the company has not yet received a conclusive opinion or decision regarding the investigation [1]. - If the investigation confirms significant violations, the company may face mandatory delisting under the rules of the Shanghai Stock Exchange [1]. Group 2 - The company emphasizes that its operational management, business, and financial status remain normal despite the investigation [2]. - The company is committed to cooperating with the CSRC and will provide monthly updates on the investigation's progress through risk disclosure announcements [2]. - Designated media for information disclosure include the Shanghai Stock Exchange website and several financial newspapers, ensuring that all relevant announcements are made public [2].

Core Points - *ST Changyao (300391.SZ) experienced a decline of 9.34%, closing at 2.33 yuan, with a total market capitalization of 816.3 million yuan [1] - The company received a "Notice of Investigation" from the China Securities Regulatory Commission (CSRC) on November 7, 2025, due to suspected false reporting of financial data [1] - If the CSRC's subsequent administrative penalties confirm the violations, the company may face mandatory delisting under the Shenzhen Stock Exchange's rules for major violations [1]

因财务造假，此前被立案处罚的江苏吴中医药发展股份有限公司(以下简称"*ST苏吴（600200）")被终 止上市。 12月1日晚，*ST苏吴发布公告称，公司收到上海证券交易所出具的《关于江苏吴中医药发展股份有限 公司股票终止上市的决定》，上交所决定终止公司股票上市。2025年12月9日，*ST苏吴股票进入退市 整理期，预计最后的交易日期为2025年12月29日。 实控人"隐身"6年。*ST苏吴未如实披露实际控制人，导致2018年至2023年年度报告存在虚假记载。 2018年2月，*ST苏吴控股股东苏州吴中投资控股有限公司发生股权变更，变更后，钱群山实际支配*ST 苏吴行为，成为*ST苏吴实际控制人。*ST苏吴2018年至2023年年度报告披露钱群英为实际控制人，存 在虚假记载。 公开资料显示，钱群英与钱群山为姐弟关系。钱群英出生于1968年10月，钱群山出生于1973年11月。钱 群英为中专学历。 财务造假4年。*ST苏吴虚增营业收入、营业成本和利润，导致2020年至2023年年度报告存在虚假记 载。具体来看，*ST苏吴多家子公司与多家关联公司开展无商业实质的贸易业务，虚增营业收入、营业 成本和利润。*ST苏吴 ...

因财务造假，此前被立案处罚的江苏吴中医药发展股份有限公司（以下简称"*ST苏吴"）被终止上 市。 12月1日晚，*ST苏吴发布公告称，公司收到上海证券交易所出具的《关于江苏吴中医药发展股份 有限公司股票终止上市的决定》，上交所决定终止公司股票上市。2025年12月9日，*ST苏吴股票进入 退市整理期，预计最后的交易日期为2025年12月29日。 令人不解的是，*ST苏吴停牌前股价表现反常，自11月19日起至11月25日，公司股票连续5个交易 日涨停。 *ST苏吴股票进入退市整理期的起始日为2025年12月9日，预计最后交易日期为2025年12月29日， 退市整理期的交易期限为15个交易日。公司股票在退市整理期届满后的5个交易日内由上海证券交易所 予以摘牌，公司股票终止上市。 医药行业分析师朱明军认为，这一系列严厉的处罚不仅是对*ST苏吴违法违规行为的直接回应，更 是监管层维护资本市场秩序坚定决心的体现。对于企业而言，退市意味着其将失去在公开市场的融资功 实控人"隐身"6年。*ST苏吴未如实披露实际控制人，导致2018年至2023年年度报告存在虚假记 载。2018年2月，*ST苏吴控股股东苏州吴中投资控股有限公 ...

Core Viewpoint - The implementation of the "delisting new rules" reflects a strict regulatory stance towards listed companies that violate major delisting regulations, with *ST Suwu being a prominent example facing delisting due to multiple financial misconducts [2][3]. Group 1: Company Specifics - *ST Suwu (600200.SH) has received a delisting decision from the Shanghai Stock Exchange, with its stock entering a 15-day delisting preparation period starting December 9, 2023, and the expected last trading day being December 29, 2023 [2]. - The company has been found guilty of multiple violations, including failing to disclose the actual controller, false reporting in annual reports from 2018 to 2023, and significant omissions regarding related party non-operating fund usage, with a reported balance of 1.693 billion yuan, accounting for 96.09% of the disclosed net assets as of the end of 2023 [2]. - *ST Dongtong (300379.SZ) is also facing delisting due to four consecutive years of financial fraud and fraudulent issuance during a 2022 private placement, with the Shenzhen Stock Exchange planning to terminate its stock listing [3]. Group 2: Regulatory and Legal Context - The regulatory framework is evolving towards a "three-punishment linkage" system, which includes administrative, civil, and criminal penalties for companies involved in major violations [4]. - Legal experts indicate that *ST Suwu and its major shareholders may face civil claims and criminal penalties due to their financial misconduct, emphasizing the need for comprehensive accountability for companies that trigger major delisting risks [5]. - The China Securities Regulatory Commission (CSRC) has highlighted the importance of investor protection in cases of major violations leading to delisting, encouraging companies to take proactive measures to compensate affected investors [5].