Beijing Tongtech faces delisting threat amid regulatory investigation

Beijing Tongtech's stock price has seen a significant cumulative decline of 52.19% over three consecutive trading days (September 15-17, 2025), triggering a severe abnormal fluctuation warning from the Shenzhen Stock Exchange. This volatility comes as the company faces an investigation by the China Securities Regulatory Commission (CSRC) for alleged false accounting in its 2019-2022 annual reports and fraudulent issuance of shares in 2022.

The CSRC issued a Preliminary Administrative Sanction Notice on September 12, 2025, indicating the company's actions could lead to mandatory delisting. If the final sanction decision confirms these findings, Beijing Tongtech's shares will be terminated from listing.

The company has stated it will fully cooperate with the CSRC and is actively working to address and rectify the issues. Investors are advised to monitor subsequent announcements and exercise caution due to the potential delisting risk.