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Longyu shares' latest claim announcement, the decision on administrative supervision measures, and the claim is being collected

author:Fujian Zhengwei Law Firm
Longyu shares' latest claim announcement, the decision on administrative supervision measures, and the claim is being collected

The latest claim news of Longyu shares:

On April 29, 2024, Shanghai Longyu Data Co., Ltd. (hereinafter referred to as the "Company") and Xu Zengzeng, Liu Ce, Zhang Yekan and Lu Yuping received the Decision on Administrative Supervision Measures issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (No. 175, 176, 177, 178 and 179) issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission.

The main contents of the "Decision on Administrative Supervision Measures":

1. Shanghai Longyu Data Co., Ltd.: In August 2023, our bureau will conduct an on-site inspection of your company. After investigation, your company (unified social credit code: 91310000630723959H) has the following problems: in 2022 and the first half of 2023, your company has a large amount of related party transactions that have not been reviewed and disclosed, and some trade businesses have no commercial substance, resulting in false records in your company's 2022 annual report and 2023 semi-annual report. The above acts violated the provisions of Article 3, Paragraph 1, Article 22, Paragraph 1 and Paragraph 2, Item 1, and Article 80, Paragraph 1 and Paragraph 2, Paragraph 3 of the Securities Law.

2. In accordance with the provisions of Paragraph 1 of Article 52 of the Administrative Measures for Information Disclosure of Listed Companies (Decree No. 182 of the CSRC), our bureau has decided to take supervision and management measures to order your company to make corrections. Your company should strengthen the awareness of compliance with laws and regulations, do a good job in information disclosure, standardize operations, and strictly prohibit the occupation of funds through related party transactions. Your company shall submit a written rectification report to our bureau within 30 days from the date of receipt of this decision. In the next step, our bureau will decide whether to take further measures based on the special verification being carried out.

According to the Securities Law and the Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases Arising from False Statements in the Securities Market, listed companies shall be liable for civil compensation if their rights and interests are damaged due to illegal information disclosure and misrepresentation, and the injured investors have the right to claim compensation for losses.

Longyu shares' latest claim announcement, the decision on administrative supervision measures, and the claim is being collected

The reference conditions for Longyu shares' claim are as follows:

Those who bought 603003 Longyu shares between April 27, 2023 and April 29, 2024, and sold or continued to hold them after May 6, 2024 (inclusive).

The above claim registration conditions only represent the views of Xie Baoping's lawyer team, and are not used as any securities investment decisions and trading suggestions, and are subject to the final determination of the court.

Longyu shares violation basis:

On April 29, 2024, Shanghai Longyu Data Co., Ltd., Xu Zengzeng, Liu Ce, Zhang Yekan and Lu Yuping received the Decision on Administrative Supervision Measures (No. 175, 176, 177, 178 and 179) issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission.

Longyu shares' latest claim announcement, the decision on administrative supervision measures, and the claim is being collected