Investors who have suffered losses can register their claims with the company on the Sina Investor Rights Protection Platform: http://wq.finance.sina.com.cn/
Xu Feng, a stock compensation lawyer from Shanghai Jiucheng Law Firm, indicated that the investor compensation case against East Group Co.,Ltd. (300376) for false statement disclosure has seen significant progress, with some investors having already received favorable court judgments.
On January 15, 2026, a batch of investor compensation cases against East Group represented by Lawyer Xu Feng were officially accepted by the court and are now awaiting further scheduling. The legal team is concurrently advancing the filing of subsequent cases and continues to accept new mandates from other affected investors. Calculation reports for some cases have already been received from the court.
On the evening of December 31, 2024, East Group announced it had received the "Administrative Penalty Decision" from the China Securities Regulatory Commission (CSRC). The investigation concluded that the company had committed the following violations: Firstly, East Group inflated its operating revenue, operating costs, and total profit through fictitious trade businesses. Secondly, the company inflated operating revenue and costs by engaging in procurement agency and other agency businesses with financing characteristics. Thirdly, it inflated operating revenue and costs through data center integration businesses that also had financing elements. In summary, by conducting these non-substantive, fictitious trade, financing-related agency, and data center integration businesses, East Group falsified its operating revenue, operating costs, and total profit, leading to misrepresentation in its annual reports from 2017 to 2021.
Lawyer Xu Feng believes that, based on prior successful investor judgments, investors who purchased East Group stock between March 15, 2018, and May 12, 2023, and sold or continued to hold the stock after May 12, 2023, are still eligible to file claims.
In addition to the batch acceptance of East Group cases, on January 15, 2026, another batch of investor compensation cases against Zhejiang Power New Energy Co.,Ltd. (688184) represented by Lawyer Xu Feng was submitted to the court for filing.
Cases for Zhejiang Power New Energy investors represented by Lawyer Xu Feng had previously been accepted by the court, and the legal team continues to accept new mandates from subsequent affected investors.
On September 8, 2025, Zhejiang Power New Energy announced it had received a "Case Filing Notice" from the CSRC. Due to suspected violations of information disclosure laws and regulations, the CSRC decided to initiate an investigation into the company pursuant to the Securities Law and the Administrative Penalty Law.
Xu Feng, the lead lawyer at Shanghai Jiucheng Law Firm, which specializes in stock compensation litigation, believes that investors who purchased Zhejiang Power New Energy stock between September 19, 2022, and March 26, 2025, and sold or continued to hold the stock after March 26, 2025, are still eligible to initiate claims.
(This article was contributed by Xu Feng, Lead Lawyer at Shanghai Jiucheng Law Firm. Lawyer Xu Feng has been practicing law since 2008, specializing in investor compensation for securities fraud including false statements, insider trading, and market manipulation. Over more than a decade, he has represented investors in nearly two hundred stocks, achieving successful judgments or settlements, and is currently handling claims for nearly three hundred stocks within the statutory limitation period, some of which already have successful precedents. No fees are charged if compensation is not obtained for the investor. Practicing Certificate Number: 13101200810965495)
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