galagamespolygon| Zhengwei Xincai has been investigated for damaged shareholders may claim compensation

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On the evening of May 24, 2024, Jiangsu Zhengwei Xincai (Rights Protection) Materials Co., Ltd.(securities abbreviation: Zhengwei Xincai, securities code: 002201) issued the "Notice on Receiving the Case Opening of a Case by the China Securities Regulatory CommissiongalagamespolygonAnnouncement ", because the company was suspected of violating laws and regulations in information disclosure, the CSRC decided to file a case against the company in accordance with the Securities Law, the Administrative Punishment Law and other laws and regulations.

Li Jian, a lawyer from Zhejiang Yufeng Law Firm (certificate number: 13301200210145176), who has represented investors in suing more than 100 listed companies for claims, said that according to the filing announcement, Zhengwei Xincai is suspected of violating laws and regulations on information disclosure, and damaged investors may claim compensation in accordance with the law.

It is noteworthy that on the evening of May 24, 2023, Zhengwei Xincai also issued the "Announcement on Receiving the Decision on Administrative Supervision Measures of the Jiangsu Supervision Bureau of the China Securities Regulatory Commission." Due to the company's failure to disclose in a timely manner the freezing of the equity of the controlling shareholder and the parties acting in concert, and the proposed auction of the controlling shareholder's equity, the Jiangsu Supervisory Bureau decided to take regulatory measures to issue warning letters against Zhengwei Xincai and Wang Wenyin, and recorded them in the securities and futures market integrity files.

According to the Supreme People's Court's judicial interpretation of false statements, investors can sue for compensation in accordance with the law for listed companies and other companies to damage investors 'rights and interests due to false statements of securities. The scope of the claim includes loss of investment balance, commission and stamp duty losses.

Lawyer Li Jian said that according to the judicial interpretation, it is tentatively decided that: 1. Damaged shareholders who bought Zhengwei Xincai shares before May 24, 2024 and still held shares at the close of May 24, 2024 can claim compensation in accordance with the law; 2. Damaged shareholders who bought Zhengwei Xincai shares between December 19, 2023 and January 12, 2024 and still held shares at the close of January 12, 2024 can claim compensation in accordance with the law. The claim conditions will be further adjusted based on the investigation conclusions of the China Securities Regulatory Commission, and will ultimately be subject to the court's determination.

galagamespolygon| Zhengwei Xincai has been investigated for damaged shareholders may claim compensation

Claims require a securities account opening information inquiry form, stock statement (the first purchase of the stock since the first time), contact information, etc.

(This article was contributed by Lawyer Li Jian of Zhejiang Yufeng Law Firm and does not represent Sina Finance's position. Lawyer Li Jian is a director of the Securities Law Research Society of China Law Society and a securities dispute mediator of the Securities Industry Association of China. In 2009, he was awarded the title of "Outstanding Young Lawyer of Zhejiang Province." Since 2003, Lawyer Li Jian has represented investors in suing more than 100 listed companies for claims, with remarkable results. Among them, the false statement case of investors v. Hangxiao Steel Structure was selected into the "Top Ten Mediation Cases in National Courts" in 2012, the false statement cases of investors v. Xiangyuan Culture, Zhao Wei and others were selected into the Top Ten Commercial Cases of the People's Court in 2019, and the false statement case of investors v. Huifeng Shares The false statement case is the first case of ordinary representative in securities disputes in Jiangsu Province.)