baccaratrtp| The Beijing Financial Court will adopt a model judgment to hear the cases involving shareholders claiming claims against Guolian, China Heavy Industries, Ronglian Technology, and Honggao.

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Some shareholders represented by lawyer Li Hongjie claim for shares of the League of Nations (safeguard their rights)BaccaratrtpThe case of China heavy Industry (rights protection), Ronglian Technology (rights protection) and Honggao shares has been accepted by the Beijing Financial Court. The court will first select some cases for substantive trial by way of demonstration judgment. After the demonstration case becomes effective, the trial of other similar cases will be conducted with reference to the model judgment. (lawyer Li Hongjie column)

Guolian issued an announcement on December 26, 2023 and received the decision of the Beijing Regulatory Bureau of China Securities Regulatory Commission on taking warning letter measures against Beijing Guolian Video Information Technology Co., Ltd., Liu Quan, Qian Xiaojun and Tian Tao. As the company issued two prior accounting error correction announcements on April 28 and May 16, 2023, some transactions were adjusted to recognize income in accordance with the net method. The relevant financial data of the 2020 annual report, the 2021 annual report and the first three quarters of 2022 are corrected, resulting in the inaccurate disclosure of multi-period financial report information. The above acts are in violation ofBaccaratrtpThe relevant provisions of the measures for the Administration of Information Disclosure of listed companies (order No. 182 of the Securities Regulatory Commission). Liu Quan, chairman of the company, Qian Xiaojun, general manager, and Tian Tao, chief financial officer, bear the main responsibility.

Those who tentatively qualify for claim for League of Nations shares are investors who bought from March 30, 2021 to April 28, 2023 and sold or held the stock on or after April 29, 2023 and suffered losses. And investors who bought from March 30, 2021 to December 26, 2023 and sold or held the stock on or after December 27, 2023 and suffered losses. (entry for safeguarding the rights of shares of the League of Nations)

On December 30, 2023, China heavy Industry (stock code: 601989) issued an announcement on the receipt of the Administrative penalty decision issued by the Beijing Regulatory Administration of the China Securities Regulatory Commission. The Beijing Regulatory Administration found out that China heavy Industry was suspected of violating the law and regulations in information disclosure: China heavy Industry did not accurately calculate the impairment of the inventory of its subsidiaries in the corresponding accounting period, resulting in a profit of more than 7181 in 2018.Baccaratrtp240,000 yuan, with a profit of 10711 in 2019.Baccaratrtp29,900 yuan, 122 million yuan less in 2020. The above events have led to misstatements in the annual reports of China heavy Industry in 2018, 2019 and 2020.

China heavy Industries shares are tentatively eligible for claim by investors who bought the shares between April 27, 2019 and July 12, 2023, and sold or held the shares on or after July 13, 2023 and suffered losses. (import of China heavy Industry Rights Protection)

The Beijing Regulatory Administration of the CSRC issued a written decision on Administrative punishment to Ronglian Technology (stock code: 002642) on December 29, 2023. The Beijing Regulatory Administration found out that Ronglian Science and Technology has the following illegal facts: from 2016 to 2018, the order of Ronglian Science and Technology has confirmed that the cost of goods issued in the order is not carried forward in time, and some of the maintenance spare parts that have been issued and actually used are not carried forward in time, resulting in false records in the annual reports of Ronglian Science and Technology in 2016, 2017 and 2018, which falsely reduced the cost by 46.2635 million yuan and 5% respectively. 6.8838 million yuan, 97.2505 million yuan, and inflated profits of 46.2635 million yuan, 56.8838 million yuan and 9725.05 million yuan respectively.

Those tentatively eligible for Ronglian's claim are investors who bought the stock between April 20, 2017 and April 28, 2021, and sold or held the stock on or after April 29, 2021 and suffered losses. (the entrance of Ronglian Science and Technology)

On January 2, 2024, Honggao shares (stock code: 002504) issued a notice saying that it had received the "Administrative penalty decision" of the Beijing Regulatory Administration of the China Securities Regulatory Commission. The Beijing Regulatory Administration found out that Beijing Honggao Architectural Decoration Design Engineering Co., Ltd., a subsidiary of Honggao Co., Ltd., falsely increased its income and profits by making up project contracts, failing to truthfully account for the projects, and failing to settle the settled projects in time. There are false records in the annual reports of 2015, 2016, 2017, 2018, 2019, 2020, 2021 and 2022.

Those tentatively eligible for Honggao's claim are investors who bought the stock between April 19, 2016 and January 6, 2023 and sold or held the stock on or after January 7, 2023 and suffered losses. (* ST Honggao rights entrance)

(this article is contributed by Li Hongjie, a lawyer from Guangdong Julong Law firm, and does not represent the views of Sina Finance. Lawyer Li Hongjie has represented a dispute over the responsibility of investors claiming misrepresentation of listed companies: Guangdong Pearl (rights protection), Suoling shares (rights protection), Changyuan Group, Tongzhou Electronics, King Kong Glass, Beijing Culture (rights protection), Huayu Software (rights protection), Zhonggong Education (rights protection), Zhongtian Science and Technology (rights protection), Hi-Tech, Aurede, Xinjiang Haoyuan, Aerospace Communications, Tianrun entertainment, Tianma shares, Hermei Group. Baobaolong, Huaxun Ark, Xilong Science (rights protection), Hongxiang shares, Poly Union (rights protection), Shenzhen Chase and other cases. )