The voluntary withdrawal of an IPO is by no means a “one-size-fits-all”; falsification of old accounts still cannot escape supervision and accountability. On July 28, the Jiangxi Securities Regulatory Bureau issued Administrative Penalty Decision (2026) No. 3, formally punishing Yuweng Information Technology Co., Ltd. and 7 related responsible persons for illegal acts of fraudulent distribution. The company and those responsible were fined a total of 17.9 million yuan for fabricating major false financial data and concealing important facts about shareholding in the Science and Technology Innovation Board's IPO application documents. Among them, fisherman information was fined 4 million yuan; Guo Gang and Liu Guihua were each fined 4 million yuan; then-director and deputy general manager Sun Xianguang, then-deputy general manager and director Fang Baolong, and then-financial director Zhang Jianfei were each fined 1.3 million yuan; and then-supervisors Li Jiayan and Liu Huawei were each fined 1 million yuan.

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