Group 1 - The stock price of *ST Guangdao surged by 251% from June 25 to July 16, reaching a market value of 630 million yuan, despite being a "quasi-delisting stock" facing severe legal issues [2][3] - The company is under investigation by the China Securities Regulatory Commission (CSRC) for systematic fraud, including falsifying contracts and financial documents, which has led to multiple reports containing false information from 2018 to 2024 [3] - Regulatory authorities have imposed trading restrictions on accounts involved in market manipulation, reaffirming a zero-tolerance stance against such activities [2][3] Group 2 - The recent trading activities surrounding *ST Guangdao reflect a broader issue of market speculation and disregard for regulatory boundaries, highlighting the need for stricter enforcement of delisting rules [3] - The company's last trading day before suspension saw another 30% increase in stock price, illustrating the absurdity of the market's behavior amidst ongoing fraud allegations [3] - Investors are advised to remain cautious and avoid engaging with companies involved in financial deception, as the risks associated with such investments can lead to significant losses [4]