Group 1 - The case against Shanghai Yilian regarding financial fraud and audit failures has reached a significant milestone with the issuance of penalties to both the company and its auditing firm, Lixin Zhonglian [1][3] - Investors who purchased shares between April 29, 2021, and February 27, 2024, and sold or still hold them after February 28, 2024, can join the compensation claims despite the company's delisting [1][3] - The China Securities Regulatory Commission (CSRC) found that Shanghai Yilian's annual reports for 2020 and 2021 contained false disclosures regarding actual controllers and significant related party transactions [1][3] Group 2 - Lixin Zhonglian, the auditing firm for Shanghai Yilian for the years 2021 and 2022, was found to have significant deficiencies in its auditing practices, failing to fulfill its "watchdog" responsibilities [2][4] - The auditing firm earned an annual income of 1.0378 million yuan from Shanghai Yilian, totaling 2.0755 million yuan over two years [2][4] - The ongoing litigation will also hold the auditing firm accountable as part of the investor compensation process [2][4]
上海易连审计机构将被一同起诉,律师提示此类投资者还可加入