Core Viewpoint - The recent developments regarding Weichuang Co., Ltd. (威创股份) indicate significant legal and regulatory challenges due to false statements and information disclosure violations, leading to investor compensation claims and potential further legal actions. Group 1: Legal Developments - On February 3, 2026, Weichuang announced a major lawsuit ruling, where the company was ordered to compensate an investor a total of 116,550.88 yuan for investment losses, commissions, and stamp duties, with certain individuals held jointly liable for this debt [1][4]. - The law firm representing the investors, led by attorney Xu Feng, noted that this ruling signifies a first-instance victory for investors, and those meeting specific criteria may continue to file lawsuits [1][4]. Group 2: Regulatory Violations - On February 21, 2025, Weichuang received an administrative penalty decision from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission, revealing multiple violations of information disclosure regulations [2][5]. - Specific violations included failure to disclose changes in actual control, late reporting of acquisition agreements, and false records in the 2023 semi-annual and third-quarter reports regarding non-operating fund occupations and transactions with related parties [2][3][5]. Group 3: Investor Compensation Opportunities - Investors who purchased Weichuang shares between June 21, 2023, and December 23, 2023, and sold or held the shares after December 23, 2023, are eligible to initiate compensation claims [3][5].

Group 1 - The court has ruled in favor of investors in a securities fraud case against Weichuang Group Co., Ltd., allowing affected investors to seek compensation for losses incurred from June 19, 2023, to December 22, 2023 [2][4][5] - Weichuang Group has been penalized for multiple violations, including failing to timely disclose annual and semi-annual reports, changes in actual control, and non-operating fund occupation, resulting in significant financial discrepancies [3] - The court ordered Weichuang Group to compensate the plaintiff for investment losses, commissions, and stamp duty totaling 116,550.88 yuan, with various individuals held jointly liable for the compensation [4][5] Group 2 - Investors affected by the false statements are encouraged to prepare necessary documentation for legal action, including identification, account proof, and trading statements, to facilitate the claims process [6] - The law firm representing the investors has extensive experience in handling securities fraud cases, indicating a robust support system for affected parties [6]

Core Viewpoint - The recent court ruling in favor of investor Zhang Moujian against Weichuang Co., Ltd. highlights that investors can still seek compensation for losses even after a company has been delisted, challenging the misconception that delisting absolves companies from liability [1][2][3]. Group 1: Legal Outcome - Zhang Moujian was awarded 116,550.88 yuan (approximately 11.66 million yuan) in damages, with 11 former executives held jointly liable for their actions [1][2]. - The ruling emphasizes that the delisting of a company does not exempt it from accountability for false statements made to investors [1][3]. Group 2: Company Violations - Weichuang Co., Ltd. was found to have committed serious violations, including concealing changes in control and misappropriating 1.326 billion yuan of company funds for personal debts, which constituted 67.24% of the company's net assets [1]. - The company also failed to disclose 540 million yuan in related party transactions in its third-quarter report, leading to significant stock price fluctuations and investor losses [1]. Group 3: Investor Rights and Compensation - Investors who purchased shares between June 19, 2023, and December 22, 2023, and held them through December 23, 2023, are eligible to claim compensation [2][4]. - The court ruling serves as a precedent for future investor claims, reinforcing the regulatory stance that violations must be addressed [2][3]. Group 4: Legal Process and Recommendations - Investors are advised to gather necessary documentation, including ID copies and trading records, to support their claims [4]. - The statute of limitations for filing claims is three years, expiring on December 23, 2026, prompting eligible investors to act promptly [4].

Core Viewpoint - The court ruled in favor of investors against Weichuang Group Co., Ltd. (formerly known as *ST Weichuang), ordering the company to compensate for losses due to false statements, with a total compensation amounting to 116,550.88 yuan [1][4]. Group 1: Legal Proceedings - On February 3, 2026, a significant lawsuit announcement was made by Weichuang Group, indicating a court ruling that the company must compensate investor Zhang for losses, including commissions and stamp duties [1][4]. - The compensation is to be shared among 11 defendants, including Lu Keping, who bear varying degrees of joint liability [1][4]. - The Zhejiang Yufeng Law Firm, represented by lawyer Li Jian, noted that the statute of limitations for claims against Weichuang has not yet expired, allowing more investors to seek compensation [1][4]. Group 2: Regulatory Violations - The Guangdong Securities Regulatory Bureau issued an administrative penalty decision on June 23, 2025, citing Weichuang for failing to disclose its 2023 annual report and 2024 semi-annual report within the legal timeframe [1][4]. - Further violations included the failure to disclose changes in actual control, false records in the 2023 semi-annual report, and non-disclosure of non-operating fund occupations by related parties [2][5]. - The company also failed to report significant changes in control and related party transactions, leading to false statements in the 2023 third-quarter report [2][5]. Group 3: Investor Compensation Eligibility - Investors who purchased *ST Weichuang shares between June 26, 2023, and December 22, 2023, and held them until the market close on December 22, 2023, are eligible for compensation [2][5]. - Required documentation for claims includes securities account information, stock reconciliation statements from June 1, 2023, to the present, and contact information [2][5].

Group 1 - Investors have won a first-instance judgment against Weichuang Co., which is liable for false statements, with the court ordering the company to compensate approximately 116,600 yuan to the investor [1][4] - A total of 11 former directors, supervisors, and senior management personnel have been held jointly liable for compensation [1][4] - Investors who purchased shares between June 19, 2023, and December 22, 2023, and sold or still hold shares after December 23, 2023, may join the compensation claim [1][4] Group 2 - Prior to its delisting, Weichuang Co. faced severe regulatory penalties for information disclosure violations, including a change in actual control and the misappropriation of 1.3 billion yuan in cash by the new controller [2][5] - On February 21, 2025, the company received an administrative penalty decision from the Guangdong Securities Regulatory Bureau, imposing a total fine of 56.7 million yuan, which is close to the maximum penalty [2][5] - The violations included failure to timely disclose significant changes in control, non-operational fund occupation by related parties, and false records in the semi-annual and quarterly reports for 2023 [2][5]

Core Viewpoint - Weichuang Co., Ltd. (002308) is facing legal claims from investors due to false statements and violations of information disclosure regulations, as highlighted by the administrative penalty issued by the Guangdong Regulatory Bureau of the CSRC [1][3][4]. Summary by Relevant Sections Legal Proceedings - The law firm Shanghai Jucheng, represented by lawyer Xu Feng, has submitted multiple claims to the Guangzhou Intermediate People's Court regarding investor compensation related to Weichuang Co., Ltd. [1][2] - The law firm is actively accepting additional claims from other investors affected by the company's alleged misconduct [1][2]. Regulatory Findings - On February 21, 2025, Weichuang Co., Ltd. received an administrative penalty from the CSRC, which identified several violations: - The actual controller change was not disclosed by Lu Keping, leading to false records in the company's 2023 semi-annual report [3][4]. - Liu Jun failed to report the acquisition agreement in a timely manner, and Lu Keping did not inform the company of significant changes in control, resulting in further disclosure failures [4]. - The company did not timely disclose non-operating fund occupation by related parties [4]. - The third-quarter report for 2023 also contained false records regarding non-operating fund transactions with related parties [4]. Investor Compensation Eligibility - Investors who purchased Weichuang Co., Ltd. shares between June 21, 2023, and December 23, 2023, and sold or held the shares after December 23, 2023, are eligible to initiate compensation claims [4].

Core Viewpoint - The ongoing lawsuit against Weichuang Group Co., Ltd. (formerly known as *ST Weichuang) involves allegations of false statements in securities disclosures, with investors seeking compensation for losses incurred due to these violations [1][2]. Summary by Sections Legal Proceedings - Investors have filed a lawsuit against Weichuang Group, with the legal representation provided by Zhejiang Yufeng Law Firm, which has a history of winning cases for investors against over 130 listed companies [1][4]. - Recent submissions of legal materials to the Guangzhou Intermediate People's Court have been made by the law firm on behalf of affected investors [4]. Regulatory Findings - The Guangdong Securities Regulatory Bureau issued an administrative penalty decision on June 23, 2025, identifying several violations by Weichuang Group, including failure to disclose the 2023 annual report and the 2024 semi-annual report within the legal timeframe [2][4]. - Additional findings from the regulatory body include false records in the 2023 semi-annual report and the 2023 third-quarter report, as well as failure to disclose significant changes in the actual control of the company [2][4]. Investor Compensation - According to judicial interpretations regarding false statements, investors whose rights have been harmed can file lawsuits for compensation, which may include losses from price differences, commissions, and stamp duty [5]. - Investors who purchased *ST Weichuang shares between June 21, 2023, and December 22, 2023, and held them until the market close on December 22, 2023, are eligible to seek compensation, subject to court verification [5].

Core Viewpoint - Shanghai Xinyang Semiconductor Materials Co., Ltd. has been found to have engaged in false statements leading to investor claims, with a precedent for winning such claims already established [1][4]. Group 1: Shanghai Xinyang - On September 18, 2024, Shanghai Xinyang announced it received an administrative regulatory measure decision from the Shanghai Securities Regulatory Bureau due to violations [1][4]. - The company failed to recognize the value and fair value changes of a financial derivative product worth 100 million yuan, resulting in an inflated net profit attributable to shareholders by 13.5285 million yuan [1][4]. - The inaccurate information disclosure in the Q1 2024 report violated the regulations of the "Management Measures for Information Disclosure of Listed Companies" [1][4]. Group 2: Investor Claims - Investors who purchased Shanghai Xinyang shares between April 20, 2024, and August 17, 2024, and sold or continued to hold after August 17, 2024, are eligible to initiate claims [2][5]. - The law firm representing investors has also been involved in claims against Weichuang Co., which is currently awaiting further court arrangements [2][5]. Group 3: Weichuang Co. - Weichuang Co. has been found to have multiple violations regarding information disclosure, including failing to disclose changes in actual control and related party transactions [3][6]. - Investors who bought Weichuang shares between June 21, 2023, and December 23, 2023, and sold or held after December 23, 2023, can also initiate claims [3][6].

Group 1 - Weichuang Co., Ltd. (威创股份) is facing ongoing investor compensation claims due to false statements, with the stock's delisting not affecting investors' eligibility for claims [1] - The company received an administrative penalty decision from the Guangdong Regulatory Bureau of the CSRC on February 21, 2025, for multiple violations of information disclosure regulations [1] - Specific violations include failure to disclose changes in actual control, late reporting of acquisition agreements, and false records in the 2023 semi-annual and third-quarter reports [1] Group 2 - Attorney Xu Feng indicates that investors who purchased Weichuang shares between June 21, 2023, and December 23, 2023, and sold or held the shares after December 23, 2023, are eligible to initiate claims [2] - Additionally, Xu Feng is also representing investors in Guandian Defense (观典防务), which has been accepted for litigation by the Shanghai Financial Court [2] - Guandian Defense has been penalized for failing to disclose non-operating fund occupation and related transactions from 2022 to 2023, leading to significant omissions in their reports [2][3] Group 3 - Guandian Defense's 2022 annual report contained false records, and the company failed to timely disclose non-operating fund occupation and related guarantees in 2024 [3][4] - Investors who bought Guandian Defense shares between May 25, 2022, and April 30, 2024, and sold or held the shares after April 30, 2024, can also initiate claims [4]

一、终止上市股票的证券种类、简称、代码、终止上市决定日期、摘牌日期 1、证券种类：人民币普通股 证券代码：002308 证券简称：*ST威创 公告编号：2024-061 威创集团股份有限公司 关于公司股票终止上市暨摘牌的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 公司股票已被深圳证券交易所决定终止上市，将在 2024 年 9 月 27 日被摘 牌。 威创集团股份有限公司（以下简称"公司"）于 2024 年 9 月 18 日收到深圳 证券交易所下发的《关于威创集团股份有限公司股票终止上市的决定》（深证上 〔2024〕765 号）。鉴于公司股票被深圳证券交易所决定终止上市，根据《深圳 证券交易所股票上市规则（2024 年修订）》《关于退市公司进入退市板块挂牌转 让的实施办法》等的相关规定，公司应当在股票被终止上市后及时做好相关工作， 以确保公司股份在摘牌后四十五个交易日内可以进入全国中小企业股份转让系 统有限责任公司依托原证券公司代办股份转让系统设立并代为管理的两网公司 及退市公司板块（以下简称"退市板块"）挂牌转让。 2、证券简称：*ST ...