*ST Blue Shield is punished by the subsidiary of the subsidiary of the subsidiary.

On the evening of August 18,*ST Blue Shield (300297) announced that the company and related parties received the "Administrative Penalty Decision" issued by the Guangdong Securities Regulatory Bureau. The relevant annual reports of*ST Blue Shield disclosed for three consecutive years were falsely recorded due to the three consecutive years of financial fraud in the subsidiaries.

It was found that from 2017 to 2019, the*ST Blue Shield subsidiary was e -commerce through the e -commerce business contract, business statement, and inquiry letter of inquiry, etc. The fictional code data and consumption data on the EPAY system increase operating income and profits.

In 2017, 2018, and 2019, China E -commerce E -commerce increased its operating income of 137.9294 million yuan, 164.7095 million yuan, and 79.1156 million yuan, respectively, accounting for 6.22%, 7.22%, and 4.12%of the operating income of the*ST Blue Shield; The total profit increase of 137.9294 million yuan, 164.709 million yuan, and 79.1156 million yuan, respectively, accounting for 26.79%, 33.74%, and 8.33%of the total profit of the*ST blue shield. The above situation has caused false records of the 2017 annual report of*ST Blue Shield, the 2018 annual report, and the 2019 annual report.

The Guangdong Securities Regulatory Bureau decided to order correction on*ST Blue Shield, given warnings, and imposed a fine of 3.5 million yuan; a warning of 15 relevant responsible persons, and a fine ranging from 500,000 to 2 million yuan.

Given that the CSRC's penalties have been issued, Lawyer Wu Lijun, Shanghai Dongfang Cambridge Law Firm, said that every time from April 26, 2018 to December 29, 2021 The damaged investors who still hold the stock can register through the public account "Public Securities News" (feature code: 18018) to participate in claims.

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