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Jiangxi Securities Regulatory Bureau issued Administrative Penalty on July 28 Decision [2026] No.3, fining Yuweng Information Technology Co. and seven responsible persons for fraudulent issuance in its STAR Market IPO. The regulator found the company

2026-07-29

Jiangxi Securities Regulatory Bureau issued Administrative Penalty on July 28 Decision [2026] No.3, fining Yuweng Information Technology Co. and seven responsible persons for fraudulent issuance in its STAR Market IPO. The regulator found the company fabricated material financial data in IPO filings and concealed important equity nominee arrangements; it noted IPO withdrawal does not exempt prior fraud from enforcement. Total fines amount to 17.9 mln yuan: Yuweng Information 4.0 mln; Guo Gang and Liu Guihua 4.0 mln each; former director and deputy GM Sun Xianguang, former deputy GM and board secretary Fang Baolong, and former CFO Zhang Jianfei 1.3 mln each; former supervisors Li Jiayan and Liu Huawei 1.0mln each.

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