Core Viewpoint - The company Sanqi Interactive Entertainment (三七互娱) has received a notice of administrative penalty from the China Securities Regulatory Commission (CSRC) due to multiple violations related to false disclosures and omissions in financial reports from 2014 to 2021 [1] Summary by Relevant Sections - **Violations Identified** - The company reported false information regarding shareholder holdings in annual reports from 2014 to 2020 [1] - The 2018 annual report failed to disclose the acquisition of Jiangsu Aurora's equity as a related party transaction, representing a significant omission [1] - The indirect acquisition of Guangzhou Sanqi's equity in 2020 was also classified as a related party transaction, with false information in the temporary announcement on December 7, 2020, and significant omissions in the 2020 annual report [1] - Annual reports from 2018 to 2021 did not disclose related party transactions with Hainan Liyuan and other companies, indicating major omissions [1] - **Penalties Imposed** - The CSRC plans to order the company to rectify the issues, issue a warning, and impose a fine of 9 million yuan [1] - Related responsible individuals will also receive warnings and corresponding fines [1]