Group 1 - The China Securities Investor Services Center has initiated a special representative litigation process regarding the Jinzhou Port case, based on a court announcement from the Shenyang Intermediate People's Court [1] - The eligible claimants for this litigation are investors who purchased Jinzhou Port stocks through public bidding from April 17, 2019, to November 10, 2023, and still hold the stocks as of November 11, 2023 [1] - Investors who do not wish to participate in the special representative litigation must declare their withdrawal within fifteen days after the registration period ends on January 18, 2026, and can pursue separate legal action [1]

Core Viewpoint - The Shenyang Intermediate People's Court has announced a special representative litigation procedure for the securities false statement liability dispute involving Jinzhou Port Co., Ltd. on December 19, 2025, following an application by the China Securities Investor Service Center [1]. Group 1: Participation in Litigation - Investors within the scope of the special representative litigation do not need to apply actively to participate; they will be included unless they submit a written withdrawal statement by February 2, 2026 [2][10]. - Investors who registered during the ordinary representative litigation period will be reviewed and can be directly included in the special representative litigation [3][11]. Group 2: Handling of Other Cases - Other non-representative litigation cases based on the same securities violation will generally be suspended while the representative litigation is prioritized, unless the non-representative case is deemed typical and beneficial for timely resolution [4][11]. Group 3: Litigation Outcomes - There is no guarantee of winning in any civil dispute, including special representative litigation; the final outcome depends on the court's judgment based on legal provisions and evidence [5][12]. Group 4: Actions by the China Securities Investor Service Center - Following the announcement, the China Securities Investor Service Center has been actively answering investor inquiries and has applied to obtain the list of rights holders for timely registration with the court [6][12]. Group 5: Costs and Legal Representation - Investors do not need to prepay litigation fees, and the center and appointed public lawyers will not charge any fees to investors [8][13]. - Investors are not required to hire their own lawyers as the center has appointed public lawyers to assist [7][13]. Group 6: Case Progress Updates - The China Securities Investor Service Center will provide updates on the case through its official website and social media channels [9][14].

Core Viewpoint - The China Securities Investor Service Center (CSISC) has initiated a special representative lawsuit against Jinzhou Port Co., Ltd. for securities fraud, marking the fifth such case in the A-share market [1]. Group 1: Special Representative Lawsuit Details - The special representative lawsuit allows qualified investors to be included automatically unless they explicitly opt out within a specified timeframe [3]. - The deadline for investors to submit an opt-out declaration is February 2, 2026, following the announcement of the special representative lawsuit rights registration [3]. - Investors who have registered during the ordinary representative lawsuit period will be reviewed and may be included in the special representative lawsuit [4]. Group 2: Legal Proceedings and Costs - The outcome of the lawsuit is subject to judicial discretion, and there is no guarantee of victory until a final ruling is made by the court [5]. - No upfront case acceptance fees are required for the special representative lawsuit, and the CSISC will not charge investors any fees for legal representation [5]. - The CSISC has appointed public interest lawyers to assist in the case, eliminating the need for investors to hire their own legal counsel [5]. Group 3: Ongoing Case Management - The CSISC is actively addressing investor inquiries and is working to advance the lawsuit process [6]. - The CSISC has applied to add former executives and related companies as defendants to pursue joint liability for damages [6]. - Updates on the case will be communicated through various platforms, including the CSISC's official website and social media [6].

Core Viewpoint - The China Securities Investor Services Center has announced a public solicitation for investor authorization to participate in a representative lawsuit regarding Jinzhou Port, indicating ongoing legal issues related to false statements made by the company [1] Group 1: Investor Solicitation - The solicitation is open to investors who purchased Jinzhou Port shares through public bidding from April 17, 2019, to November 10, 2023, and still hold the shares as of November 11, 2023 [1] - The solicitation period runs from the announcement date until December 15, 2023, at 24:00 [1] - If more than 50 eligible investors authorize, the China Securities Investor Services Center will close the online solicitation and apply to the court for a conversion to a special representative lawsuit [1] Group 2: Legal Context - On December 10, 2023, the Intermediate People's Court of Shenyang, Liaoning Province, issued a notice regarding the registration of rights for the ordinary representative lawsuit related to Jinzhou Port's securities false statement liability dispute [1]

Core Viewpoint - The article highlights the severe violations committed by Liu Hui, the former general manager of Jinzhou Port, leading to the company's forced delisting and subsequent regulatory actions against him [1][4]. Group 1: Violations and Regulatory Actions - Liu Hui is identified as the key perpetrator behind multiple serious violations, including financial fraud, significant fund misappropriation, and intentional concealment of related party relationships [1][2]. - The Shanghai Stock Exchange has proposed public reprimands and a lifetime ban on Liu Hui from holding any senior management positions in listed companies due to his misconduct [1][3]. - Jinzhou Port was forced to delist due to continuous financial fraud and information disclosure violations, with the delisting process completed on July 25 [5][6]. Group 2: Specific Violations - Liu Hui orchestrated financial fraud by inflating profits through false trades and revenue recognition, resulting in inflated profits of CNY 36.10 million in 2022 and CNY 68.09 million in 2023 [2][5]. - He was responsible for the non-operational occupation of Jinzhou Port's funds, with undisclosed amounts reaching CNY 3.218 billion in 2022 and CNY 5.571 billion in 2023, with CNY 2.098 billion still outstanding by the end of 2024 [2][5]. - Liu Hui also made unauthorized guarantees for related parties, including a CNY 2.5 billion guarantee for Liaoxi Investment, without fulfilling disclosure obligations [2][5]. Group 3: Long-term Manipulation - Since March 2016, Liu Hui has been manipulating two companies, Xizang Haihan and Xizang Tiansheng, forming a hidden network of related parties with a combined 22% shareholding in Jinzhou Port, while failing to disclose this relationship [3][5]. - Over an eight-year period, Liu Hui's actions led to false statements in annual reports regarding the lack of related party relationships among the top ten shareholders [3][5].

Summary of Key Points Core Insights - The report highlights significant stock suspensions for various companies due to major asset restructuring and control changes, indicating potential volatility in the market [2][3][4]. Company-Specific Summaries - **Invesco Great Wall S&P Consumer Select ETF (QDII)**: The ETF will be suspended from trading on July 24, 2025, until 10:30 AM to protect investor interests [2]. - **Hui Green Ecology (001267)**: The stock is suspended due to planning for a major asset restructuring, effective from July 22, 2025 [2]. - **Jiangte Electric (002176)**: The stock is suspended due to a planned change in company control, effective from July 22, 2025 [2]. - **Zhonglin Group SCP Bonds (multiple series)**: Various SCP bonds from Zhonglin Group will be suspended starting November 21, 2023, indicating ongoing financial adjustments [2][3][4]. Industry Insights - The report indicates a trend of companies undergoing significant restructuring, which may lead to increased market volatility and investment risks in the affected sectors [2][3][4].

New Stock Offerings - Jichuan Pharmaceutical (600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - ST Kelly (300326) has a tender offer period from July 17, 2025, to August 15, 2025[1] - Zhongcheng Tui (300208) has 1 trading day remaining until the last trading day[1] Delisting and Trading Alerts - Delisted Jin Gang (600190) has 1 trading day remaining until the last trading day[1] - Delisted Jin B (900952) has 1 trading day remaining until the last trading day[1] - ST Jinjian (600200) has 1 trading day remaining until the last trading day[1] Market Volatility - Shangwei New Materials (688585) is experiencing severe abnormal fluctuations[1] - Guosheng Technology (603778) is noted for abnormal fluctuations[3] - ST Yanzhen (603389) is also flagged for abnormal fluctuations[3]

New Stock Listings - Huadian New Energy (600930) listed at an issue price of 3.18 on July 16, 2025[1] - Zhongcheng Tui (300208) has 2 trading days remaining until the last trading day[1] - Tui Shi Jin Gang (600190) also has 2 trading days remaining until the last trading day[1] Abnormal Fluctuations - Huayin Power (600744) reported severe abnormal fluctuations on July 15, 2025[1] - Changcheng Military Industry (601606) announced abnormal fluctuations on July 15, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on July 16, 2025[1] Other Notable Announcements - ST Ya Zhen (000627) reported significant fluctuations with a value of 7189 on July 16, 2025[3] - Guosheng Technology (603778) reported fluctuations with a value of 3370 on July 15, 2025[3] - ST Xin Chao (600777) reported fluctuations with a value of 1008 on July 11, 2025[3]

New Stock Issuance - Shanda Electric (Stock Code: 301609) issued at a price of 14.66[1] - Jiyuan Group (Stock Code: 732262) issued at a price of 10.88[1] Market Alerts - Jichuan Pharmaceutical (Stock Code: 600566) has a tender offer period from June 18, 2025, to July 17, 2025[1] - The last trading day for Tuisan Jinguang (Stock Code: 600190) is July 14, 2025, with 4 trading days remaining[1] - The last trading day for Tuisan Jinjing (Stock Code: 900952) is also July 14, 2025, with 4 trading days remaining[1] Abnormal Fluctuations - *ST Zitian (Stock Code: 300280) reported severe abnormal fluctuations on July 10, 2025[1] - *ST Yushun (Stock Code: 002289) reported abnormal fluctuations on July 11, 2025[1] Other Notable Announcements - Longyuan Green Energy (Stock Code: 603185) announced on July 11, 2025[1] - Kedi Pharmaceutical (Stock Code: 000590) announced on July 14, 2025[1]

New Stock Listings - The new stock "同宇新材" (code: 301630) is listed at an issue price of 84 on July 10, 2025[1] - "中程退" (code: 300208) and "退市锦港" (code: 600190) have 6 trading days remaining until their last trading day[1] - "恒立退" (code: 000622) has 3 trading days remaining until its last trading day[1] Delisting and Trading Alerts - "退市九有" (code: 600462) has 2 trading days remaining until its last trading day[1] - "工智退" (code: 000584) will have its last trading day on July 10, 2025[1] - "美迪西" (code: 688202) is listed with no specific trading alerts mentioned[1] Market Volatility - "北方长龙" (code: 301357) has been flagged for severe abnormal fluctuations[1] - "浙江东日" (code: 600113) and "诺德股份" (code: 600110) have also been noted for abnormal trading activities[1] - "长春一东" (code: 600148) is included in the list of stocks with trading alerts[1]