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At the time of Aolian's electronic claim, Xie Baoping's lawyer team: submitted another batch of investor filing materials

author:Fujian Zhengwei Law Firm
At the time of Aolian's electronic claim, Xie Baoping's lawyer team: submitted another batch of investor filing materials

Aolian's latest claim news:

On May 10, 2024, Xie Baoping's financial and securities team submitted a new batch of materials to the Intermediate People's Court of Nanjing Municipality, Jiangsu Province, for filing a new batch of claims filed by 300585 Aolian Electronics investors. These investors sued Aolian's misrepresentation and demanded damages.

Prior to this, on April 8, 2024, Nanjing Aolian Automotive Electronics Co., Ltd. recently received the "Administrative Penalty Decision" ([2024] No. 34) issued by the China Securities Regulatory Commission. After investigation, Aolian Electronics has the following illegal facts:

1. Disclosure of perovskite business information of Aolian Electronics

2. There are misleading statements about Xu Mingjun's performance in the field of perovskite disclosed by Aolian Electronics

(1) There are misleading statements about Xu Mingjun's main performance in the perovskite industry

(2) There are misleading statements about the core competitiveness of Xu Mingjun and his team

The SFC decided:

1. Nanjing Aolian Automotive Electronics and Electrical Co., Ltd. was ordered to make corrections, given a warning, and fined 3 million yuan.

2. Chen Guangshui was given a warning and fined 1.5 million yuan.

3. Xue Juanhua was given a warning and fined 1 million yuan.

4. Xu Mingjun was given a warning and fined 800,000 yuan.

5. Fu Zongchao was given a warning and fined 600,000 yuan.

6. Jiang Biao was given a warning and fined 600,000 yuan.

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.

At the time of Aolian's electronic claim, Xie Baoping's lawyer team: submitted another batch of investor filing materials

The reference conditions for Aolian's electronic claim are as follows:

Those who bought 300585 Aolian Electronics from December 12, 2022 to the morning of February 21, 2023, and sold or continued to hold it after the afternoon of February 21, 2023.

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.

Basis for violation of Aolian:

On February 23, 2023, Aolian Electronics received the "Notice of Case Filing" (Zheng Jian Case No. 0102023001) and the "Investigation Notice" (Zheng Jian Zhan Zi No. 0102023061) issued by the China Securities Regulatory Commission (CSRC) on suspicion of illegal information disclosure.

On February 7, 2024, Aolian Electronics received the "Advance Notice of Administrative Punishment" (Penalty Zi [2024] No. 8) issued by the China Securities Regulatory Commission.

On April 8, 2024, Nanjing Aolian Automotive Electronics Co., Ltd. recently received the Administrative Penalty Decision ([2024] No. 34) issued by the China Securities Regulatory Commission.

At the time of Aolian's electronic claim, Xie Baoping's lawyer team: submitted another batch of investor filing materials

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