On December 10, Hubei Jiuyou Investment Co., Ltd., which was delisted on July 21 this year, issued an announcement stating that the company had received an administrative penalty decision issued by the Securities Regulatory Commission. Li Ming, the former chairman of Jiuyou Investment and the company, was fined a total of 23.5 million yuan for not disclosing related transactions in accordance with regulations and false records in 3-year financial reports. At the same time, Li Ming was banned from the market for 10 years. Since this year, delisting supervision has continued to maintain a high-pressure trend. On the one hand, under the “should retreat” principle, the clearance of problem companies has accelerated, and the number of listed companies affected by major violations and forced delisting has reached a record high; on the other hand, “delisting is not exempt from liability” has become the norm in capital market supervision. Data shows that as of the end of November this year, a total of 73 delisted companies have been fined a total of 2 billion yuan since 2024.

On December 10, Hubei Jiuyou Investment Co., Ltd., which was delisted on July 21 this year, issued an announcement stating that the company had received an administrative penalty decision issued by the Securities Regulatory Commission. Li Ming, the former chairman of Jiuyou Investment and the company, was fined a total of 23.5 million yuan for not disclosing related transactions in accordance with regulations and false records in 3-year financial reports. At the same time, Li Ming was banned from the market for 10 years. Since this year, delisting supervision has continued to maintain a high-pressure trend. On the one hand, under the “should retreat” principle, the clearance of problem companies has accelerated, and the number of listed companies affected by major violations and forced delisting has reached a record high; on the other hand, “delisting is not exempt from liability” has become the norm in capital market supervision. Data shows that as of the end of November this year, a total of 73 delisted companies have been fined a total of 2 billion yuan since 2024.