WFDSJ(SH:601010) Zheng Quan Shi Bao·2026-01-05 22:53Core Viewpoint - The recent court ruling has brought former private equity figure Xu Xiang back into the public eye, with the court ordering Xu and his associate Xu Changjiang to compensate investors for losses related to market manipulation, with Wanfeng Co., Ltd. also held liable for joint compensation [1][2]. Group 1: Legal Proceedings - Wanfeng Co., Ltd. plans to appeal the first-instance ruling during the statutory appeal period [2]. - A total of 24 investors, led by plaintiff Ao, have filed a lawsuit against Xu Xiang, Xu Changjiang, and Wanfeng Co., Ltd., claiming a total of 332.78 million yuan in damages [2]. - The Nanjing Intermediate People's Court has dismissed one investor's claim due to the expiration of the statute of limitations [2]. Group 2: Previous Cases and Financial Implications - In a previous case, the court ordered Xu Xiang and Xu Changjiang to compensate four investors a total of 110.26 million yuan, with Wanfeng Co., Ltd. also responsible for joint compensation [3]. - Xu Xiang and Xu Changjiang were found to have manipulated the stock market, with Xu Xiang profiting 4.54 billion yuan from trading Wanfeng shares [4]. - The total estimated losses for investors in the ongoing lawsuits against Xu Xiang, Xu Changjiang, and Wanfeng Co., Ltd. amount to approximately 86.74 million yuan, with 1,015 investors having filed claims [4].