Gelonghui April 21st 丨*ST Zeda (688555.SH) announced that on April 21, 2023, the company received the “Administrative Penalty Decision” ([2023] No. 29) from the China Securities Regulatory Commission. According to the “Decision”, the company concealed important facts and fabricated major false content in the announced securities issuance documents, and there were false records and major omissions in the disclosed “2020 Annual Report” and “2021 Annual Report”. Among them, the company's “prospectus” inflated operating income and profits, failed to truthfully disclose related transactions in accordance with regulations, and failed to truthfully disclose the shareholding situation in accordance with regulations, constituting the situation described in section 181 of the “Securities Law”. According to the findings of the “Decision”, the company has already committed a major illegal act stipulated in section 12.2.2 (1) of the “Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules” and will be forcibly delisted for major violations of the law.

Trading of the company's shares has been suspended since the opening of the market on April 24, 2023.

On April 21, the company received an advance notice from the Shanghai Stock Exchange that it intends to terminate the listing of the company's shares. After receiving the notice of termination of listing, the company may apply for a hearing and submit statements and arguments in accordance with the regulations. The exchange's listing committee reviews whether to terminate the listing of the company's shares and makes a decision on whether to terminate the listing of the company's shares based on the review opinion of the listing committee.