Recently, the Securities Regulatory Commission issued advance notice of administrative penalties against the listed company Changjiang Pharmaceutical Holdings Co., Ltd. for suspected false records of financial data such as regular reports. After investigation, *ST Changyao inflated revenue and profits for three consecutive years, in violation of securities laws and regulations. The Securities Regulatory Commission plans to fine listed companies 10 million yuan, fine the 14 responsible persons in total 31 million yuan, and ban Luo Ming, the company's former general manager, from entering the securities market for life. *ST Changyao is suspected of involving a major illegal forced delisting situation, and the Shenzhen Stock Exchange will initiate delisting procedures in accordance with the law. The Securities Regulatory Commission simultaneously verifies the practices of intermediaries. Once violations of laws and regulations are discovered, they will be punished in accordance with the law. Regarding possible criminal leads, the Securities Regulatory Commission will adhere to the working principle that everything should be removed and handed over to the public security authorities in strict accordance with the provisions of the Criminal Law and the Supreme People's Procuratorate's Public Security Department's Provisions on Criminal Case Filing and Prosecution Standards under the Jurisdiction of Public Security Organs.

Recently, the Securities Regulatory Commission issued advance notice of administrative penalties against the listed company Changjiang Pharmaceutical Holdings Co., Ltd. for suspected false records of financial data such as regular reports. After investigation, *ST Changyao inflated revenue and profits for three consecutive years, in violation of securities laws and regulations. The Securities Regulatory Commission plans to fine listed companies 10 million yuan, fine the 14 responsible persons in total 31 million yuan, and ban Luo Ming, the company's former general manager, from entering the securities market for life. *ST Changyao is suspected of involving a major illegal forced delisting situation, and the Shenzhen Stock Exchange will initiate delisting procedures in accordance with the law. The Securities Regulatory Commission simultaneously verifies the practices of intermediaries. Once violations of laws and regulations are discovered, they will be punished in accordance with the law. Regarding possible criminal leads, the Securities Regulatory Commission will adhere to the working principle that everything should be removed and handed over to the public security authorities in strict accordance with the provisions of the Criminal Law and the Supreme People's Procuratorate's Public Security Department's Provisions on Criminal Case Filing and Prosecution Standards under the Jurisdiction of Public Security Organs.