Beijing Tongtech faces CSRC investigation, delisting risk

Beijing Tongtech announced today that it has received a notice from the CSRC initiating an investigation into the company. The investigation, initiated on April 14, 2025, stems from concerns over alleged false information in the company's periodic reports and financial data. The CSRC has filed a case against the company under the "Securities Law of the People's Republic of China" and the "Administrative Penalty Law of the People's Republic of China."