April 25, 2024Supertimesspinpoker600070ST Furun (Rights Protection) announcement received the "advance notice of Administrative punishment" from Zhejiang Regulatory Bureau of China Securities Regulatory Commission.SupertimesspinpokerThe violations involved include: inflating operating income and operating costs, resulting in false records in the company's 2020 annual report, 2021 annual report and 2022 semi-annual report. Some investors may have the opportunity to claim compensation.

Xu Jin, a lawyer from Beijing Pacific Century (Shenzhen) Law firm (practice license No. 14403200610948623), believes that according to the new judicial interpretation of misrepresentation of securities, the pre-procedure has been clearly cancelled and investors may file a civil compensation action to protect their legitimate rights and interests due to misrepresentation of listed companies. The scope of claim loss includes loss of investment difference, stamp duty and commission. (lawyer Xu Jin's column)

Provisional conditions of claim:

Impaired investors who bought before April 27, 2021 and sold or still held after April 28, 2023 (finally subject to the court's decision). (ST Fourun rights protection entrance)

The investor should prepare the following materials: a copy of the ID card, the confirmation form of the opening information of the securities account (the original is sealed by the business department of the securities company), the securities trading record (from the first purchase of the stock and affixed with the seal of the business department of the securities company).

(this article is contributed by Xu Jin, a lawyer from Beijing Pacific Century (Shenzhen) Law firm (license No. 14403200610948623) and does not represent the position of Sina Finance. Lawyer Xu Jin is good at defending the rights of shareholders in misrepresentation cases of listed companies. For more than a decade, he has represented investors in suing a number of listed companies for successful claims. )