Zhitong Finance App News, Sichuang Medicare (300078.SZ) announced that the company received the “Administrative Penalty Decision” and “Market Ban Decision” issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on January 8, 2024. According to the announcement, Sichuang Medicuai and Zhang Lazhong (then chairman and general manager) have illegal facts, including: the preparation of major false content in Sichuang Medicare's public publication documents; there are false records in the 2019 and 2020 annual reports of Sichuang Medicare.
The Zhejiang Securities Regulatory Bureau decided to fine Sichuang Yihui Technology Co., Ltd. with 10% of the amount of funds raised illegally, according to regulations; a fine of 81.7 million yuan; a fine of 5 million yuan was imposed on Zhang Lizhong in accordance with the regulations. In accordance with regulations, Sichuang Medicaid Technology Co., Ltd. was ordered to make corrections, warned, and fined 4 million yuan; a warning was given to Zhang Gaizhong, and a fine of 2.5 million yuan was imposed on the illegal act of disclosing information by Sichuang Medicuang. Combining the above two items, Sichuang Medicaid Technology Co., Ltd. ordered corrections, issued a warning, and fined 85.7 million yuan; Zhang Gazhong was warned and fined 7.5 million yuan. Meanwhile, the Zhejiang Securities Regulatory Bureau decided to ban Zhang Gazhong from entering the market for 10 years.