Zhitong Finance App News, ST Sansheng (002742.SZ) announced that the company recently received a “Criminal Judgment” issued against him by the Chongqing First People's Court served by Pan Xianwen, the company's actual controller. The verdict is as follows:

Defendant Pan Xianwen committed the crime of manipulating the securities market and was sentenced to two years' imprisonment and a fine of 1 million yuan. The crime of issuing shares without permission is punishable by one year in prison. It was decided to execute a prison sentence of 2 years and 6 months, suspended for 3 years, and a fine of 1 million yuan.