According to Administrative Penalty Decision (2025) No. 134 of the China Securities Regulatory Commission, the Securities Regulatory Commission opened a case investigation into Shanghai Tongli Law Firm's failure to diligently and conscientiously provide legal services for the initial public offering of shares and listing on the Science and Technology Innovation Board of Shanghai Silxin Technology Co., Ltd. The relevant personnel involved in KONE have the following illegal facts: KONE provided legal services for the Silchip Innovation Board IPO and issued false records in documents such as legal opinions; KONE did not act diligently and conscientiously during the legal service process for the Silchip Science and Technology Innovation Board; and the procedures for visiting sales customers were not implemented properly. According to the facts, nature, circumstances and degree of social harm caused by the parties involved, and in accordance with the provisions of Section 213 (3) of the Securities Law, the Securities Regulatory Commission decided: 1. Order corrections to Shanghai Tongli Law Firm, seize 1.14 million yuan of revenue from the IPO legal business of the Silchip Technology Innovation Board, and impose a fine of 1.14 million yuan. 2. Li Zhongying, Guo Xun, and Wang Xufeng were warned and fined 200,000 yuan each.

Zhitongcaijing · 2d ago
According to Administrative Penalty Decision (2025) No. 134 of the China Securities Regulatory Commission, the Securities Regulatory Commission opened a case investigation into Shanghai Tongli Law Firm's failure to diligently and conscientiously provide legal services for the initial public offering of shares and listing on the Science and Technology Innovation Board of Shanghai Silxin Technology Co., Ltd. The relevant personnel involved in KONE have the following illegal facts: KONE provided legal services for the Silchip Innovation Board IPO and issued false records in documents such as legal opinions; KONE did not act diligently and conscientiously during the legal service process for the Silchip Science and Technology Innovation Board; and the procedures for visiting sales customers were not implemented properly. According to the facts, nature, circumstances and degree of social harm caused by the parties involved, and in accordance with the provisions of Section 213 (3) of the Securities Law, the Securities Regulatory Commission decided: 1. Order corrections to Shanghai Tongli Law Firm, seize 1.14 million yuan of revenue from the IPO legal business of the Silchip Technology Innovation Board, and impose a fine of 1.14 million yuan. 2. Li Zhongying, Guo Xun, and Wang Xufeng were warned and fined 200,000 yuan each.