Core Viewpoint - The article highlights a series of criminal investigations and penalties faced by various listed companies in China due to financial misconduct, including embezzlement, false financial reporting, and other violations of securities laws [2][3]. Group 1: ST Pava Case - ST Pava disclosed that its co-actual controller and director, Zhang Bao, is under criminal investigation for embezzlement, with a total of 191.34 million yuan misappropriated, of which only 30 million yuan has been returned as of July 26, 2025 [2]. - This incident marks ST Pava as the eighth listed company since July to have executives or actual controllers involved in criminal activities related to financial misconduct [3]. Group 2: Hongxiang Shares Case - Hongxiang Shares' actual controller, Yang Cheng, is under criminal investigation for financial misconduct, with previous penalties from the China Securities Regulatory Commission for false financial reporting from 2017 to 2022, including inflated revenues and profits [4][5]. - The company reported inflated revenues of 104.89 million yuan in 2017, 255.59 million yuan in 2018, and other significant amounts in subsequent years, leading to severe penalties [5][6]. Group 3: Liyuan Technology Case - Liyuan Technology's actual controller, Shen Wanzhong, received a criminal sentence for violating information disclosure laws, with inflated revenues reported in 2021 amounting to over 103.84 million yuan, constituting 24.71% of the disclosed revenue [6][7]. Group 4: Jintongling Case - Jintongling is facing criminal charges for providing false financial data over six consecutive years, with significant misreporting of losses as profits, leading to severe investor losses [8]. Group 5: ST Qibu Case - ST Qibu is under investigation for financial fraud, with allegations of profit inflation and false disclosures in bond issuance documents, leading to criminal charges against responsible personnel [9][10]. Group 6: ST Dongshi Case - ST Dongshi's actual controller, Xu Xiong, was sentenced for market manipulation, receiving a six-and-a-half-year prison term and a fine of 170 million yuan [11]. Group 7: Ruiskanda Case - Ruiskanda's executives are facing criminal charges for misleading disclosures, with inflated revenues reported in 2019 and 2020 amounting to 35.13 million yuan and 28.13 million yuan, respectively [12]. Group 8: Tuidi Jinguang Case - Tuidi Jinguang's executives were arrested for significant financial misreporting, with inflated profits reported in 2022, 2023, and 2024, amounting to 36.10 million yuan, 68.09 million yuan, and 15.38 million yuan, respectively [13][14].

Core Viewpoint - The announcement reveals that the actual controller of Liyuan Technology, Shen Wanzhong, has been sentenced for the crime of disclosing important information in violation of regulations, receiving a one-year prison term with a one-and-a-half-year suspension and a fine of 3.3 million RMB [2]. Group 1: Legal and Management Changes - Shen Wanzhong has resigned from his positions as chairman and director of Liyuan Technology following the court's judgment, and he will not hold any other positions in the company after his resignation [5]. - The court's ruling does not affect Shen Wanzhong's rights as a shareholder or the company's management and governance operations, and it is stated that there will be no significant adverse impact on the company's production and operations [5]. - Liyuan Technology held a board meeting on July 29 to approve the nomination of Shen Jiawen, Shen Wanzhong's daughter, as a non-independent director candidate, pending approval at the shareholders' meeting [7]. Group 2: Background Information on Shen Wanzhong and Shen Jiawen - Shen Wanzhong has a significant history in various companies, including serving as the chairman of Liyuan Technology since June 2014 and holding a 32.10% stake in the company as of the announcement date [5]. - Shen Jiawen, born in 1990, holds a master's degree in economics from the University of Southern California and dual bachelor's degrees in applied mathematics and economics from the University of California, Berkeley. She has served as the compliance and risk control head at Huatai-PineBridge Investment Management and is currently an assistant to the chairman of Liyuan Technology [8].

Core Viewpoint - The company, Jinzhou Port, is facing significant legal and regulatory challenges due to the arrest of its executives for violating important information disclosure laws, which has led to its forced delisting from the stock market [1][5]. Group 1: Legal Issues and Executive Actions - On July 4, the company announced that its Vice Presidents, Ning Hongpeng and Cao Cheng, were arrested for violating important information disclosure laws [1]. - The company has suspended the aforementioned executives and adjusted the responsibilities of senior management, asserting that these issues will not impact its normal business operations [2]. - The recent arrests reflect a broader trend of increased accountability for corporate misconduct, particularly in financial fraud cases, as emphasized by the new regulatory measures [4]. Group 2: Historical Context and Consequences - Jinzhou Port had previously triggered mandatory delisting due to serious violations, and the recent arrests indicate that responsible parties will face severe consequences rather than escaping accountability [5]. - A timeline of events shows that in October 2024, several executives, including the Vice Chairman and CFO, were subjected to criminal measures for similar violations [6]. - The company has faced multiple administrative penalties from the China Securities Regulatory Commission (CSRC) for false reporting from 2018 to 2021, leading to a series of fines and warnings for the involved executives [7][8]. - The company’s annual reports from 2020 to 2023 were confirmed to contain false records, resulting in a decision by the Shanghai Stock Exchange to terminate its stock listing [8].