Xinlun New Materials (002341) stockholders only have 5 months left to claim compensation. They have won the lawsuit and mediation in the early stage. Eligible investors have taken the last bus to claim as soon as possible
April 28, 2022, Shenzhen Xinlun Technology Co., Ltd. ( Securities abbreviation: Xinlun New Materials (before renamed Xinlun Technology), stock code :002341) released the "2021 Annual Report" to disclose the progress of securities false disclosure dispute cases: As of the date of financial statement approval, a total of 2,213 cases have been received, investors have filed lawsuits against Xinlun New Materials Company for the above administrative penalties involving false statement liability. The amount of such pending litigation claims is relatively large. As of December 31, 2021, the company expects that the total losses related to the lawsuit will be RMB 31.7403 million, and a total of RMB 16.7014 million have been paid.
Previously, on May 25, 2020, Xinlun New Materials Company issued an announcement stating that it had received the "Administrative Penalty Decision" of the China Securities Regulatory Commission. It was found that Xinlun New Materials had the following illegal facts: fictitious trading business inflated revenue and profit , failure to disclose related transactions , and failure to disclose external guarantees as required.
Lawyer Wang Jinlong from Shanghai Chuanhui Law Firm said that the false statements carried out by Xinlun New Materials are causal and the losses suffered by shareholders in buying and selling stocks , and they should bear civil compensation liability according to law. In the early stage of this case, some shareholders have won the winning judgment and mediation and compensation. needs to remind all investors that the remaining statute of limitations for Xinlun New Materials false statement case is only 5 months away from . According to the principle of "no action" in of the Civil Procedure Law, even if the investor meets the requirements for claim, if the claim lawsuit is not initiated within the statute of limitations, the listed company will not actively compensate the investor's losses. The lawyer recommends that investors who meet the requirements for claim should sue the court for rights as soon as possible to avoid missing the time for claim.
Xinlun New Materials Stockholder Claim Conditions: According to the content of the administrative penalty and the previous winning judgment, according to the Securities Law and the relevant provisions of the judicial interpretation of securities false statements and infringement, buys Xinlun Technology's shares between April 25, 2017 and June 25, 2019, and investors who sell or still hold the stock after June 25, 2019 can file a claim.
Investors can also look for the official account " Shanghai lawyer Wang Jinlong " and keep an eye on it. Lawyer Wang Jinlong will promptly publish stock claim announcements and case progress through the above platform so that you can get the latest stock claim information in a timely manner.
Claims and litigation information that needs to be prepared:
1, securities account inquiry confirmation form and stock transaction statement stamped with Securities company business department seal (the stock was first purchased until now);
Special note: the statement needs to include shareholder name, ID number, securities account number, capital account number, securities code, stock trading time, transaction price, transaction quantity, etc. If the stock currently has holding , you also need to print a list of treasury stocks . If there are many transactions, in addition to providing a paper version, please provide an EXCEL electronic version of the transaction record.
2, copy of ID card;
3, related prosecution signature materials.
After confirming that lawyer Wang Jinlong meets the claim conditions, lawyer Wang will send you the claim materials. You just need to prepare the materials as required. After the investor completes the entrustment procedures, the claim will be fully handed over to the lawyer for handling. The legal procedures such as filing, mediation, and court opening does not require the investor to go to the court in person. He just needs to wait patiently. If there is any progress in the case, the lawyer will inform him as soon as possible. We adopt a risk agency fee model, and we do not have to pay attorney fees in the early stage. After the investor wins the case and successfully receives the compensation, the attorney fees will be charged at a certain proportion of the amount of compensation.
Shanghai Chuanhui Law Firm Lawyer Wang Jinlong
