Zhejiang Furun(SH:600070) Xin Lang Cai Jing·2026-01-27 07:21Core Viewpoint - The company *ST Furun has been delisted due to its stock price falling below 1 yuan for twenty consecutive trading days, with the delisting effective on April 30, 2025. Investors who suffered losses during a specific period are encouraged to join the legal claims process against the company for false statements [1][4]. Group 1: Legal Proceedings - A batch of cases has been submitted to the court for the lawsuit against *ST Furun for false statements, with previous successful verdicts in similar cases [1][4]. - Investors who purchased shares between April 27, 2021, and April 27, 2023, and sold or still hold them after April 28, 2023, are advised to join the legal claims [2][4]. Group 2: Financial Misconduct - The company received an administrative penalty from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on May 18, 2024, revealing its financial misconduct [2][4]. - From January 2020 to mid-2022, the company's wholly-owned subsidiary engaged in fictitious advertising agency processes, inflating revenue and costs, leading to false records in its annual reports for 2020, 2021, and the semi-annual report for 2022 [2][4]. - The company corrected its financial data on April 28, 2023, following the discovery of accounting errors, and has faced penalties for these false disclosures [2][4].