Is this author ignorant or ignorant? Or is it deliberately obfuscating the rhythm of the story?
The fact that a company that has committed financial fraud for three consecutive years will be forced to delist does not mean that it can commit fraud for two consecutive years without any responsibility.
The Criminal Law of the People's Republic of China and the Securities Law of the People's Republic of China have clear provisions on the punishment of individuals and companies that commit financial fraud in listed companies.
The Criminal Law stipulates that the criminal liability of a listed company for financial fraud is that the person directly responsible will be sentenced to fixed-term imprisonment of not more than three years or criminal detention and a fine. The Securities Law stipulates that if the controlling shareholder or actual controller of an issuer organizes or instigates the above-mentioned illegal acts, or conceals relevant matters resulting in the occurrence of the above-mentioned circumstances, a fine of not less than RMB 500,000 but not more than RMB 5 million shall be imposed; The directly responsible managers and other directly responsible personnel are to be fined between 200,000 and 2,000,000 RMB.
It stands to reason that these contents can be easily found on the Internet, but what is the author's intention in ignoring the facts and deliberately biasing?
