Investors who have suffered losses may register their claims against the company via the Sina Investor Rights Protection Platform. The platform is accessible through multiple channels including the Sina Securities social media account, relevant WeChat accounts, by searching online, or via the Sina Finance app and website.
On April 25, 2026, Puyang Refractories Group Co.,Ltd. announced that it had received an indictment from the Yingkou City People's Procuratorate in Liaoning Province. The procuratorate alleges that the company and related personnel violated customs regulations by illegally exporting natural flake graphite without the required permit. The method allegedly involved misdeclaring the product name to circumvent export controls on dual-use items and technologies. Consequently, they are being charged with the crime of smuggling goods prohibited from import and export by the state. This situation may present a claim opportunity for certain shareholders.
Legal analysis suggests that, according to the new judicial interpretation on securities misrepresentation, the prerequisite procedural step has been explicitly removed. Investors who have incurred losses due to a listed company's misrepresentation can file civil compensation lawsuits with a court of competent jurisdiction to protect their legitimate rights. The scope of compensable losses may include the difference in investment value, stamp duty, and commission fees.
The provisional claim conditions are as follows: Investors who purchased shares between May 1, 2025, and April 25, 2026, and subsequently sold them after April 25, 2026, or continued to hold them at a loss. The final outcome of any claim is subject to the court's ruling.
Investors intending to file a claim should prepare the following materials: a copy of their ID card, a confirmation form of their securities account opening information (original copy stamped by the securities company branch), and a detailed record of securities transactions (from the first purchase of the stock to the present, stamped by the securities company branch; if shares are still held, the current holding quantity should also be printed).
The attorney mentioned has extensive experience representing investors in claims against listed companies for misrepresentation over a professional career spanning more than a decade.
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