The China Securities Regulatory Commission strictly handles the serious financial fraud case of Gohigh Networks (000851.SZ).

Recently, the China Securities Regulatory Commission issued a prior notice of administrative punishment to Gohigh Networks (000851.SZ), a company listed on the main board of the Shenzhen Stock Exchange, for suspected violations of information disclosure laws and regulations. According to the investigation, Gohigh Networks has long engaged in non-commercial "empty turnover" and "fake transactions" involving laptop computers, significantly inflating revenue and profit, in violation of securities laws and regulations. The CSRC plans to impose a fine of 160 million yuan on relevant parties responsible and a fine of 7 million yuan on third parties involved in the fabrication. Gohigh Networks is suspected of triggering major violations that warrant mandatory delisting, and the Shenzhen Stock Exchange will initiate delisting procedures in accordance with the law. Regarding any potential criminal clues, the CSRC will adhere to the principle of transferring as much as possible and strictly comply with the relevant provisions of the Criminal Law and the standards for filing and prosecuting criminal cases under the jurisdiction of public security organs by the Supreme People's Procuratorate and the Ministry of Public Security. This article is compiled from the official website of the China Securities Regulatory Commission. Editor: Xu Wenqiang.