Landun shares are to be fined 5 million, Ke Zonggui is banned for 10 years, and lawyers and sharehol

Mondo Finance Updated on 2024-02-01

Produced by Radar Finance and Economics Lei Zhu Bar |Long Sail edDeep sea

On January 31, Landun issued an announcement on receiving the prior notice of administrative punishment and market ban from the Sichuan Supervision Bureau of the China ** Supervision and Administration Commission.

The main contents of the prior notice of administrative punishment (and market ban) include: (1) the 2022 semi-annual report of Landun is suspected of having false records; (2) The 2022 annual report of Landun is suspected of having false records.

The false records in the 2022 semi-annual report and the 2022 annual report of Landun are suspected of violating the first paragraph of Article 3 of the Administrative Measures for Information Disclosure of Listed Companies (Decree No. 182 of the CSRC) and the second paragraph of Article 78 of the ** Law of the People's Republic of China (hereinafter referred to as the "** Law"), which constitutes an illegal act of information disclosure under the second paragraph of Article 197 of the ** Law.

In accordance with the provisions of the second paragraph of Article 197 of the ** Law, the Sichuan Supervision Bureau of the China Securities Regulatory Commission intends to make the following decisions: (1) Order the correction of Landun shares, give a warning, and impose a fine of 5 million yuan. (2) Ke Zonggui was given a warning and fined 5 million yuan. (3) Luo Yuhang was given a warning and fined 500,000 yuan. (4) Chen Weichun and Ke Minghai were given warnings and fined 1 million yuan respectively.

In accordance with the provisions of Article 221 of the ** Law and the provisions of Article 3, Paragraph 1, Article 5, Paragraph 1, and Article 7, Paragraph 1 of the "Provisions on Market Prohibition" (Decree No. 185 of the CSRC), the Sichuan Supervision Bureau of the China Securities Regulatory Commission intends to decide: to impose a 10-year market ban on Ke Zonggui, and from the date of the announcement of the decision by the Sichuan Supervision Bureau of the China Securities Regulatory Commission, during the prohibition period, except for not engaging in ** business in the original institution or serving as a director, supervisor or senior manager of the original listed company or unlisted public company, and shall not engage in ** business in any other institution or serve as a director, supervisor or senior manager of other listed companies or unlisted public companies.

In this regard, lawyer Wu Lijun said that all damaged investors who ** Blue Shield shares from April 26, 2018 to December 29, 2021 and still hold them on December 29, 2021 can claim compensation. Statute of limitations: December 30, 2024. Investors can register through the official account "Lei Zhu Bar" (Lei Zhu Code: 01) and participate in the claim for free. There are no fees until you receive the claim.

Founded in 1999 and located in Mianyang City, Sichuan Province, Landun Co., Ltd. (formerly known as: Guangdong Tianhaiwei Digital Technology***) is an enterprise mainly engaged in software and information technology services. The registered capital of the enterprise is 124971690,000 RMB, more than 99% of its counterparts in Sichuan Province, and has completed strategic financing in 2019.

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