Shanghai Lonyer(SH:603003) 2 1 Shi Ji Jing Ji Bao Dao·2025-06-13 07:58Core Viewpoint - Shanghai Longyu Data Co., Ltd. (referred to as "Delisted Longyu") is undergoing a delisting process due to severe compliance issues, including financial irregularities and non-operational fund occupation, leading to significant investor losses [1][2][3]. Group 1: Company Status and Actions - As of June 12, 2025, Delisted Longyu has repurchased 5.09 million shares, accounting for 1.35% of its total share capital, with a total repurchase amount of 13.69 million yuan, at a price range of 2.54 to 2.73 yuan per share [1]. - The company officially entered the delisting adjustment period on June 10, 2025, with the last trading date expected to be June 30, 2025 [1]. - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into non-operational fund occupation, which has contributed to its compliance crisis [1][2]. Group 2: Compliance and Financial Issues - The Shanghai Stock Exchange decided to terminate the listing of Delisted Longyu due to an audit report for the 2023 fiscal year that was unable to express an opinion, leading to a risk warning on May 6, 2024 [2]. - The company was found to have engaged in multiple significant violations, including undisclosed related-party transactions and lack of genuine commercial substance in trade activities, resulting in false records in its financial reports [2][3]. - The total amount of non-operational funds occupied by the controlling shareholder and related parties reached 918 million yuan, with 868 million yuan still outstanding, which could trigger mandatory delisting if not recovered [3]. Group 3: Investor Rights and Compensation - A legal team is currently gathering claims from affected investors who purchased shares between April 28, 2023, and April 29, 2024, and those who bought shares before December 16, 2024, and sold or still hold them after December 17, 2024 [4]. - Investors can consult the legal team to determine eligibility for compensation, with fees only charged after actual recovery [4].