Recently, the China Securities Regulatory Commission (CSRC) issued advance notice of administrative penalties against Beijing Dongfangtong Technology Co., Ltd. (*ST Dongtong), a company listed on the Shenzhen Stock Exchange's ChiNext board, for allegedly falsifying financial data in its periodic reports. An investigation revealed that *ST Dongtong had inflated its revenue and profits for four consecutive years, violating securities laws and regulations. The CSRC intends to fine the listed company 229 million yuan, fine seven individuals responsible a total of 44 million yuan, and ban the actual controller from the securities market for 10 years. *ST Dongtong is suspected of committing major violations that would force delisting, and the Shenzhen Stock Exchange will initiate delisting procedures in accordance with the law. The CSRC will adhere to the principle of transferring all possible criminal leads to the public security authorities in strict accordance with the Criminal Law and the Provisions of the Supreme People's Procuratorate and the Ministry of Public Security on the Standards for Filing and Prosecuting Criminal Cases under the Jurisdiction of Public Security Organs (II).