Recently, the Jiangxi Securities Regulatory Bureau announced an administrative penalty decision. Yuweng Information Technology Co., Ltd.'s Science and Technology Innovation Board IPO application materials involved major financial fraud and deliberate concealment of key shareholding information. The enterprise and related responsible entities were fined a total of 17.9 million yuan. It is worth noting that Fisherman Information voluntarily withdrew its IPO application as early as two years ago, and the review process was terminated, but it was still heavily penalized by the regulatory authorities. According to the penalty decision, the Shanghai Stock Exchange accepted the application for listing on the Fisherman Information Science and Technology Innovation Board in December 2022. After multiple rounds of regulatory inquiries, in June 2024, the Joint Sponsor of Fisherman Information submitted a withdrawal application, and the Shanghai Stock Exchange immediately terminated the IPO review. The company's listing plan is to raise 334 million yuan. The sponsor agency is Western Securities, and the project sponsor representatives are Gao Feng and Su Huafeng. In response, some lawyers believe that the fraudulent distribution of fisherman's information involves financial fraud and false records in prospectus, and that the sponsoring agency may not evade prosecution.

Recently, the Jiangxi Securities Regulatory Bureau announced an administrative penalty decision. Yuweng Information Technology Co., Ltd.'s Science and Technology Innovation Board IPO application materials involved major financial fraud and deliberate concealment of key shareholding information. The enterprise and related responsible entities were fined a total of 17.9 million yuan. It is worth noting that Fisherman Information voluntarily withdrew its IPO application as early as two years ago, and the review process was terminated, but it was still heavily penalized by the regulatory authorities. According to the penalty decision, the Shanghai Stock Exchange accepted the application for listing on the Fisherman Information Science and Technology Innovation Board in December 2022. After multiple rounds of regulatory inquiries, in June 2024, the Joint Sponsor of Fisherman Information submitted a withdrawal application, and the Shanghai Stock Exchange immediately terminated the IPO review. The company's listing plan is to raise 334 million yuan. The sponsor agency is Western Securities, and the project sponsor representatives are Gao Feng and Su Huafeng. In response, some lawyers believe that the fraudulent distribution of fisherman's information involves financial fraud and false records in prospectus, and that the sponsoring agency may not evade prosecution.