Core Viewpoint - *ST Lifan faces potential forced delisting due to suspected false financial reporting for three consecutive years from 2021 to 2023, as indicated by the Anhui Securities Regulatory Bureau [2][6]. Group 1: Financial Misconduct - *ST Lifan has been found to have inflated revenue by 638 million yuan and costs by 628 million yuan from 2021 to 2023 through various fraudulent activities [6]. - The breakdown of inflated figures includes 280 million yuan in revenue and 277 million yuan in costs for 2021, 312 million yuan in revenue and 305 million yuan in costs for 2022, and 46 million yuan in revenue and 45 million yuan in costs for 2023 [6]. Group 2: Regulatory Actions - The Anhui Securities Regulatory Bureau issued a notice of administrative penalty and market ban to *ST Lifan on November 28, 2025, and is currently processing the case [2][6]. - The company has applied for an extension to respond to the allegations, which has been granted by the regulatory authority [2]. Group 3: Stock Performance - On January 13, *ST Lifan's stock closed at 0.97 yuan per share, falling below the 1 yuan threshold, which could lead to termination of listing if it remains below this price for 20 consecutive trading days [7]. - Following a temporary suspension, the stock rebounded, closing at 1.31 yuan per share on January 23, reflecting a 13.91% increase [7][9]. Group 4: Misleading Information - The actual controller of *ST Lifan, Gu Yutang, issued a public letter to shareholders that was deemed misleading by the Shenzhen Stock Exchange, raising concerns about the accuracy of information disclosed [9]. - The Anhui Securities Regulatory Bureau has noted the potential for misleading statements and is taking regulatory action to address these issues [9].

北京商报讯（记者 王寅浩 实习记者 宋雨盈）8月14日，*ST苏吴（600200）发布公告称，公司股票当日 收盘价为0.99元/股，低于人民币1元。根据《上海证券交易所股票上市规则》中相关规定，如果连续20 个交易日的每日股票收盘价均低于1元，公司股票可能被上交所终止上市交易。 此前，因财务造假等问题，*ST苏吴股票已于2025年7月14日起被叠加实施退市风险警示。 ...