baccarat54070ml| Progress in shareholder rights protection cases| Yongyue Technology (603879) issued a pre-penalty and added a new claim range

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April 29, 2024Baccarat54070mlYongyue Technology (Rights Protection) Co., Ltd. (hereinafter referred to as "Yongyue Technology" or "the Company") issued a notice on the receipt of the "notice of Administrative punishment and Market ban" issued by the China Securities Regulatory Commission. Yongyue Technology plans to be warned and fined 13 million yuan by the China Securities Regulatory Commission because of illegal information disclosure. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm (license No.: 13101200410820485), suggests that the following two types of investors can voluntarily register their claims through the "Sina investor rights protection platform": (1) to buy and hold positions during the period from August 28, 2023 to September 17, 2023, regardless of whether they sell on or after September 18, 2023. (2) to buy and have a position between March 18, 2022 and October 11, 2023, whether or not it is sold on or after 12 October 2023. (Zhao Jingguo lawyer column)

Review the illegal cases of Yongyue science and technology information disclosure. The company received the notice of filing a case by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") on October 11, 2023 (serial number: CSRC filing No. 0102023019). Chen Xiang, the actual controller and chairman of the board, received the notice of filing a case by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") on April 1, 2024 (serial number: CSRC filing No. 0102024007). Because the company, the actual controller and chairman Chen Xiang are suspected of violating the laws and regulations of information disclosure, in accordance with the Securities Law of the people's Republic of China, the Administrative punishment Law of the people's Republic of China and other laws and regulations, the CSRC decided to file a case against the company and its actual controller, chairman Chen Xiang. On April 28, 2024, the company received the advance notice of Administrative punishment and Market ban issued by the China Securities Regulatory Commission (serial number: Su Zheng Supervision penalty word [2024] No. 4). It has been found out that Yongyue Technology is suspected of the following illegal facts.Baccarat54070mlFirst, there are misleading statements in the interim announcement of major contracts suspected by Yongyue Technology; second, Yongyue Technology is suspected of failing to disclose the occupation of related parties' non-operating funds in time and major omissions in periodic reports. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm, believes that the following two types of investors can voluntarily register their claims: (1) buying and taking positions during the period from August 28, 2023 to September 17, 2023, whether or not they are sold on or after September 18, 2023; and (2) buying and holding positions between March 18, 2022 and October 11, 2023, whether or not they are sold on or after October 12, 2023.

Letter this investor claim team reminds, Yongyue technology pre-punishment issued, so damaged investors, can voluntarily initiate claim registration.

Conditions for safeguarding rights:

Yongyue Technology: (1) buy and hold positions during the period from August 28, 2023 to September 17, 2023, whether or not they are sold on or after September 18, 2023; (2) buy and hold positions between March 18, 2022 and October 11, 2023, whether or not they are sold on or after October 12, 2023 (the specific scope of compensation shall be determined by the court) (Yongyue Technology Rights Protection entrance)

(this article is contributed by Zhao Jingguo, a partner of Shanghai Xinben Law firm, and does not represent the views of Sina Finance. Zhao Jingguo, a lawyer who qualified as a lawyer in 1999, has a solid knowledge of legal theory and has taught in colleges and universities. He has been practicing as a lawyer since 2004, has undertaken more than a thousand litigation cases, and has accumulated a wealth of dispute handling experience, especially good at dealing with securities disputes, finance, non-performing assets and other business. Since practice, Zhao Jingguo, a lawyer, has represented investors in a number of claims against listed companies. The cases that have won or have been compensated include Zhonganke claim, Zhongbing Hongjian claim, Busen clothing claim, Zhongqian share claim, Aurid claim, Zhangzi Island claim, Tianshen Entertainment claim, Fushun Special Steel claim, Fei Le Audio claim, Xiangyi Rongtong claim, Yan'an Bikang claim, Huanrui Century claim and so on. )