China News Service, August 26. The Beijing Court Trial Information Network announced on the 25th that the China Securities Regulatory Commission and LeTV.com's administrative non-litigation enforcement ruling, and the trial court was the Beijing Financial Court.
According to the ruling, the China Securities Regulatory Commission stated that on August 10, 2020, the China Securities Regulatory Commission served the "Advance Notice on Administrative Penalties and Market Prohibition" to LeTV.
On March 26, 2021, the China Securities Regulatory Commission made a decision on administrative penalties involved in the case and imposed a fine of 240.6 million yuan on LeTV.
LeTV has yet to pay the fine.
On May 19, 2022, the Beijing Financial Court made a ruling: Approval of the enforcement of the decision against the person subject to enforcement, LeTV Information Technology (Beijing) Co., Ltd., in the "Decision on Administrative Penalty of the China Securities Regulatory Commission" [2021] No. 16 issued by the China Securities Regulatory Commission. Co., Ltd. was imposed an administrative penalty of 240.6 million yuan in fines.
(Zhongxin Finance)
Screenshot of Beijing Court Trial Information Network.