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SVG Optronics

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2023

    Fined RMB 2.5 Million for Misleading Investors by Blurring 'Lithography Machine' Concept on Hudongyi

    In September 2023, Suzhou VG Technology referred to its laser direct-write lithography equipment directly as a 'lithography machine' on Hudongyi and used it interchangeably with 'chip lithography machine' at a time when chip lithography machines were a market hotspot, causing abnormal stock price movements. The CSRC quickly opened an investigation and determined it constituted a misleading statement; board secretary Jiang Lin deliberately changed 'direct-write lithography equipment' in the reply draft to 'lithography machine.' In December, the Jiangsu Securities Regulatory Bureau warned and fined the company RMB 1.5 million and fined Jiang Lin RMB 1 million; the Shenzhen Stock Exchange publicly condemned both. Total fines of RMB 2.5 million and public condemnation made it a typical case of rapid investigation and punishment for 'concept riding.'

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