Xin Lang Cai Jing·2025-11-13 09:59Group 1 - Yuan Cheng Co., Ltd. (元成股份) has received a regulatory notice regarding the termination of its listing due to its stock market value being below 500 million yuan for 20 consecutive trading days as of November 10, 2025 [1] - The Shanghai Stock Exchange will review the termination of the company's stock listing after the company completes its hearing and defense process within 15 trading days [1] - The company is currently facing investor claims, with a legal team continuing to accept additional claims from other investors [1] Group 2 - Lawyer Xu Feng indicates that investors who purchased Yuan Cheng shares between April 15, 2021, and January 31, 2024, and sold or held the shares after January 31, 2024, may initiate claims [2] - Xu Feng's team is also handling claims related to Dingxin Communications (鼎信通讯), which has recently won a final judgment in a false statement lawsuit [2] - Dingxin Communications failed to timely disclose significant changes in external conditions affecting its operations, which is a violation of securities law [2][3] Group 3 - Dingxin Communications also did not disclose the disposal of shares by its controlling shareholder and actual controller in a timely manner [3] - Xu Feng suggests that investors who bought Dingxin Communications shares between March 1, 2024, and March 30, 2024, and sold or held the shares after March 30, 2024, can still initiate claims [4] Group 4 - Yuan Cheng Co., Ltd. has been found to have false records in its annual reports from 2020 to 2022, including inflating project costs and revenues [5] - The company failed to account for discrepancies in the Huaiyin project in a timely manner, leading to inflated revenues and profits in its 2022 annual report [5]