According to the news on the websites of Hebei Securities Regulatory Bureau and Shenzhen Securities Regulatory Bureau on June 6, Dongxu Group, Dongxu Blue Sky (delisted) and Dongxu Optoelectronics (delisted) received administrative penalty decisions from relevant regulatory authorities respectively. According to statistics, the relevant responsible subjects were fined about 1.7 billion yuan in total.
Hebei Securities Regulatory Bureau Administrative Penalty Decision No.1 [2025] shows that the Hebei Securities Regulatory Bureau has found that there are false records in the information disclosed by Dongxu Group in the bond market and fraudulent issuance of corporate bonds; Li Zhaoting and Dongxu Group organized and instructed Dongxu Optoelectronics to engage in illegal information disclosure and fraudulent issuance of shares; Li Zhaoting and Dongxu Group organized and instructed Dongxu Blue Sky to engage in illegal information disclosure.
Hebei Securities Regulatory Bureau decided to order Dongxu Group to make corrections, give warnings and impose a fine of 583.24 million yuan. Li Zhaoting was given a warning and fined 588.54 million yuan . At the same time, other responsible persons were also fined a total of 70.5 million yuan in varying amounts.
The Hebei Securities Regulatory Bureau decided to ban five people, including Li Zhaoting, from entering the securities market for life.
Hebei Securities Regulatory Bureau Administrative Penalty Decision [2025] No.2 shows that, after investigation by Hebei Securities Regulatory Bureau, there are false records and major omissions in the information disclosed by Dongxu Optoelectronics in the stock and bond markets; Dongxu Optoelectronics has fraudulent issuance of non-public shares; Dongxu Optoelectronics did not disclose its 2023 annual report within the statutory time limit.
Hebei Securities Regulatory Bureau decided to order Dongxu Optoelectronics to make corrections, give warnings and impose a fine of 390.24 million yuan, and impose a total fine of 29.85 million yuan on other responsible persons .
Shenzhen Securities Regulatory Bureau Administrative Penalty Decision [2025] No.5 shows that, after investigation by Shenzhen Securities Regulatory Bureau, there are major omissions in the information disclosed by Dongxu Lantian; Dongxu Lantian did not disclose the 2023 annual report within the statutory time limit.
The Shenzhen Securities Regulatory Bureau decided to impose a fine of 12 million yuan on Dongxu Blue Sky and a total of 24.25 million yuan on other responsible persons.
It is reported that in September 2024, Dongxu Group and its two listed companies, Dongxu Optoelectronics and Dongxu Blue Sky, were placed on file for investigation and received prior notification of administrative penalties in March 2025.
Today, the two listed companies of "Dongxu Department" have been delisted. On October 11,
2024, Dongxu Optoelectronics was terminated and delisted by Shenzhen Stock Exchange because the controlling shareholder Dongxu Group occupied more than 9 billion yuan of capital and the closing price of the company's stock was less than 1 yuan for 20 consecutive trading days;
Six months later, on April 30, 2025, Dongxu Blue Sky became the first A-share listed company to delist at par value in 2025, because its daily closing price was less than 1 yuan for 20 consecutive trading days through the trading system from December 31, 2024 to March 31, 2025. It is delisted because it touches upon the termination of listing of stocks stipulated by the Shenzhen Stock Exchange. (For details, see: Limit Down Again! The photovoltaic listed company locked in face value delisting!)
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