Core Viewpoint - The article discusses the implications of the "non-ST stock one yuan lightning delisting" mechanism, highlighting the unfairness faced by investors due to sudden delistings and lack of information disclosure, which exacerbates information asymmetry and investor losses [1][2][4]. Group 1: Investor Impact - Investors in non-ST companies faced significant losses due to sudden delistings without prior warning or adequate information, leading to a sense of betrayal and confusion [1][2]. - The absence of quarterly reports post-delisting has left investors in an information vacuum, making it difficult to assess the financial health of the companies they invested in [1][2]. - Many investors were unaware of the risks associated with delisting, as they had not signed agreements acknowledging such risks, resulting in unexpected liquidity issues [2][4]. Group 2: Regulatory Concerns - Regulatory bodies failed to announce penalties against major shareholders of delisted companies, allowing them to sell shares at a loss to unsuspecting investors [2][4]. - The lack of transparency and timely information from regulators has led to suspicions of collusion between major shareholders and regulatory personnel [2][4]. - The article emphasizes the need for stricter enforcement of disclosure regulations to protect investors and ensure accountability among listed companies [5][6]. Group 3: Information Disclosure System - The article critiques the suggestion by former President Trump to reduce earnings report frequency, arguing that it could worsen information asymmetry in the Chinese market, where quarterly disclosures are crucial for investor protection [4][6]. - It advocates for a differentiated disclosure system where compliant companies could benefit from reduced reporting frequency, while problematic companies would face increased scrutiny through more frequent disclosures [6][7]. - The need for timely and accurate information disclosure is underscored as essential for maintaining market fairness and protecting investors, particularly during delisting processes [5][6][7].