JungleJackpotJig| ST China Advance Notice of Profit Collection Penalty, Investment Claims Initiated

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May 13, 2024 Jiangsu Zhongli Group Co., Ltd. (Securities abbreviation: ST ZhongliJungleJackpotJig, Securities Code: 002309) received the "advance notice of Administrative punishment and Market ban" issued by China Securities Regulatory Commission (penalty word (2024) 66).

It has been found out that the specific illegal facts are as follows:

1. Zhongli Group falsely increases its business income and total profits by participating in private network communication business. There are false records in the 2016 and 2020 annual report of Zhongli Group. II. Zhongli Group fails to disclose the occupation of non-operating funds in accordance with the regulations. The disclosure of the occupation of non-operating funds by Zhongli Group from 2020 to 2021 is untrue and incomplete, resulting in false records and major omissions in its annual report from 2020 to 2021. Third, Zhongli Group fails to disclose external guarantee in accordance with the regulations. The disclosure of the above external guarantees in the 2017-2020 annual report led to a major omission in the 2017-2020 annual report of Zhongli Group. (entry for protecting rights in ST)

Lawyer Luo Jianxin is representing some investors v. ST Zhongli Securities false statement case, which is being carried out in an orderly manner, and qualified investors will join the claim as soon as possible. The conditions of claim are tentatively set as follows: a damaged investor who bought the stock between 2017-04-25 and 2022-11-08 and sold or still held the stock at the close of trading on 2022-11-09, and the terms of claim are finally determined by the court. (lawyer Luo Jianxin's column)

Lawyer Luo Jianxin said:

According to the latest provisions of the Securities Law and the relevant judicial interpretation of the Supreme people's Court, the information disclosure obligor violates the provisions of laws, administrative regulations, rules and normative documents formulated by regulatory departments on information disclosure, if there are false records, misleading statements or major omissions in the disclosed information, the people's court shall identify them as false statements. The scope of compensation includes: investment difference, commission, stamp duty and interest loss, etc.

Lawyer Luo Jianxin reminds us of litigation matters:

1. Investors are required to prepare a list of claim materials:

oneJungleJackpotJig.1. Stock trading records (or statements)

1.2. Proof of securities account

1.3. Scan the front and back of the ID card.

2. The limitation of action of the case is 3 years, and if the lawsuit is sued after the limitation of action, the investor will lose the right to win the lawsuit.

3. The lawyer's fee is the risk agent and will be paid after the investor has actually received the compensation.

4. The above prompt claim conditions, compensation object and scope are for reference only, and finally the judgment effective by the court shall prevail.

5. The claim conditions mentioned above are for reference only and do not constitute any securities investment decisions and securities trading suggestions of investors.

(this article is contributed by Luo Jianxin, a lawyer from Guangdong Jinqiao Baixin Law firm, and does not represent the position of Sina Finance. Lawyer Luo Jianxin is a partner of Guangdong Jinqiao Baixin Law firm, founder and director of Jinqiao Securities Litigation Center, arbitrator of Guangzhou Arbitration Commission, and member of Securities Law Committee of Guangzhou Bar Association. Lawyer Luo has practiced for more than 20 years, holds securities, fund and futures qualification certificates, and is a senior shareholder. He has set up a professional securities litigation team, including listed companies' securities misrepresentation, insider trading, manipulation, equity disputes, securities criminal rights protection and defense, and has successfully represented or is acting for a large number of securities rights protection cases with rich experience. )

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