Core Viewpoint - The article discusses the administrative penalties imposed by the Hebei Securities Regulatory Bureau on Dongxu Optoelectronics for fraudulent stock issuance, highlighting the total amount raised and the penalties applied to the company and its controlling shareholders [1][5][12]. Summary by Sections Penalty Details - Dongxu Optoelectronics raised a total of 7.565 billion yuan through fraudulent stock issuance, with penalties amounting to 378 million yuan imposed on the company, its actual controller, and its controlling shareholder [1][12]. - The penalty of 378 million yuan represents 5% of the total raised amount, which is the maximum penalty under the old Securities Law [13]. Legal Framework - The investigation was conducted based on the provisions of the Securities Law revised in 2005 and 2019, which outline the penalties for fraudulent issuance of stocks [3][4]. - The new Securities Law significantly increases the penalties for fraudulent stock issuance, allowing for fines of 10% to 100% of the illegally raised funds [15][16]. Fraudulent Activities - Dongxu Optoelectronics was found to have engaged in fraudulent activities by using false records and significant omissions in its annual reports from 2015 to 2016, which were cited in its stock issuance application [7][8]. - The actual controller, Li Mouting, and the controlling shareholder, Dongxu Group, were found to have organized and directed these fraudulent activities [9][10].