The subsidiary of the subsidiary for three consecutive years of financial fraud *ST Blue Shield is intended to be fined 3.5 million yuan

After half a year after being investigated,*ST Blue Shield (300297) suspected information disclosure and violations of laws and regulations have been investigated. On the evening of July 6, the company announced that the company and related parties received the "Administrative Penalty Promise" issued by the Guangdong Securities Regulatory Bureau.

According to the "Administrative Penalties Prior to advance", the*ST Blue Shield subsidiaries were e -commerce from 2017 to 2019, and through forging a large number of customers and merchants' business contracts, business statements, and inquiry letters, etc. In self -developed foreign exchange living systems, fictional code data and consumption data on EPAY systems, operating income and profits are false. 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 intends to decide: the*ST blue shield is ordered to make corrections, gives warnings, and impose a fine of 3.5 million yuan; a warning of 17 relevant responsible persons is given and fined 100,000 to 2 million yuan.

Attorney Wu Lijun, Shanghai Oriental Cambridge Law Firm, said that every time from April 26, 2018 to December 29, 2021, the*ST blue shield was still held when the stock was closed on December 29, 2021 Investors can register through the WeChat public account "Public Securities News" (feature code: 18018) to participate in claims.

It should be noted that at present, the Intermediate People's Court of Mianyang City, Sichuan Province has decided to start the pre -heavy program for the*ST Blue Shield. Whether the company's pre -reorganization can succeed and whether the court can rulks the company's entry into the reorganization process is uncertain. If the court ruled that the reorganization application proposed by the company, the Shenzhen Stock Exchange will implement a delisting risk warning to the company's stock transactions. If the company is declared bankrupt because of its reorganization, the company's stock and derivatives will face the risk of being terminated.

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