Investors who have suffered losses can register their claims on the SINA platform for investor rights protection: http://wq.finance.sina.com.cn/. Follow @SINA Securities on WeChat, search for SINA brokers and funds on WeChat, search for SINA investor rights protection on Baidu, or access the SINA Finance client or homepage to find the service.
Oriental Fashion and its then actual controller, along with other responsible parties, received a "Decision on Administrative Penalty" from the Beijing Securities Regulatory Bureau on May 21, 2026. The investigation revealed that the violations primarily centered on financial data fraud. In 2022, the company failed to account for its subsidiary's land lease transactions, resulting in understated management and financial expenses. This conduct led to false records in the company's 2022 semi-annual report and annual report, which artificially inflated profits by 9.4029 million yuan and 18.931 million yuan, respectively, accounting for as much as 30.97% and 82.33% of the reported total profit for those periods. The Beijing Securities Regulatory Bureau plans to order the company to correct the issues, issue a warning, and impose a fine of 1.8 million yuan. The then-chairman, general manager, and deputy general manager and chief financial officer face fines of 1 million yuan, 800,000 yuan, and 800,000 yuan, respectively.
The issuance of this preliminary penalty marks the conclusion of the investigation into the company, after which the company will face lawsuits from investors seeking compensation. This is not the company's first violation. As early as December 2024, the company was penalized by the securities regulatory authorities for failing to disclose related-party transactions and non-operational fund occupation as required. Additionally, the company's actual controller has been sentenced to six years and six months in prison for manipulating the securities market, along with a fine of 170 million yuan.
For investors, participating in rights protection is a way to recover losses. It is recommended that eligible investors assert their rights as soon as possible to avoid missing the opportunity for compensation due to the expiration of the statute of limitations or the deterioration of the company's asset condition. Investors who meet the following criteria can now register for claims: those who purchased shares between April 30, 2022, and December 27, 2023, and sold or still held them after December 28, 2023, incurring losses; or those who purchased shares between August 13, 2022, and April 29, 2024 (inclusive), and sold or still held them after April 30, 2024, incurring losses.
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