*ST Lida announced on the evening of September 24 that the company had received an Administrative Penalty Decision from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission. Due to a total of 1.703 billion yuan in non-operating fund occupation by related parties from 2020 to 2022, failure to disclose in a timely manner, and material omissions and false records in periodic reports, the company was ordered to rectify, given a warning, and fined 9 million yuan. Gu Yiming, the actual controller and then chairman, was fined 16.2 million yuan and banned from the securities market for 5 years, while other responsible persons were fined between 600,000 and 3.8 million yuan. The company stated that this information disclosure violation did not trigger other risk warnings or mandatory delisting circumstances for major violations under the Shanghai Stock Exchange listing rules, and the occupied funds involved have been fully returned to the company. The company apologized to investors for this matter and said that as of the disclosure date, production and operating activities are normal. *ST Lida's main business is the design and construction of building curtain walls and architectural decoration projects. In the first half of 2026, revenue was approximately 414 million yuan, down 53.86% year-on-year, with a net loss of 45.51 million yuan, down 553% year-on-year.
Suzhou Kelida Bldg &*ST Lida (Suzhou Kelida) and its controller were fined by the CSRC for 1.703 billion yuan in undisclosed related-party fund occupation and false records, with the controller banned from the securities market for 5 years.
