On October 18, 2022, Linzhou Heavy Machinery (002535) issued the "Announcement on the Company's Signing of Daily Business Contracts". The company and Shaanxi Coal Industry Materials Yutong Co., Ltd., in accordance with the principles of equality, voluntariness, honesty and trustworthiness, and win-win mutual benefit, signed the "Hongliulin Mine Second Set of 5-2 Coal 5.2-meter Comprehensive Mining Working Face Hydraulic Support Procurement Contract" (YTS2022-159) after consultation. The signing and performance of this contract will not affect the company's business independence, and the company's main business will not depend on the counterparty due to the performance of this contract.
Linzhou Heavy Machinery (002535) recently released the "2022 First Three Quarter Performance Forecast", and its operating performance is expected to turn losses into profits. It is worth noting that the case of false statements in Linzhou Heavy Machinery (002535) is underway, and investors who meet the requirements for claims can file a lawsuit.
Linzhou Heavy Machinery (002535) was administratively punished by the China Securities Regulatory Commission twice, with the increase in the number of damaged investors and the scope of claims also expanded. At present, the first-instance judgment of the shareholder claim case of Linzhou Heavy Machinery (002535) has been made, and the investor compensation ratio after mediation is about 60%.
Attorney said that investors who buy Linzhou Heavy Machinery (002535) shares between April 3, 2018 and November 21, 2019 and sell or continue to hold shares on November 22, 2019 and later can initiate claims; and investors who buy Linzhou Heavy Machinery (002535) shares between August 25, 2020 and November 16, 2021 and sell shares after November 16, 2021 can initiate claims (the final decision shall prevail).
