Puyang Refractories Faces Shareholder Claims Over Delayed Disclosure of Criminal Case

Deep News06-24

Investors who have suffered losses can register for pre-claim compensation through the relevant platform.

Previously, Puyang Refractories Group Co.,Ltd. (002225) disclosed information regarding receiving a "Prosecution Bill" and related criminal case details from the procuratorate. Attorney Zhao Jingguo from the Shanghai Xinben Law Firm notes that investors who purchased and held shares between May 1, 2025, and April 24, 2026, can voluntarily pre-register their compensation claims through the designated platform, regardless of whether they sold their shares on or after April 25, 2026.

Reviewing the case, on April 25, 2026, Puyang Refractories issued an "Announcement on Receiving a Prosecution Bill." The announcement indicates that the company, along with Wanhua Logistics and defendants Qi Changsheng, Meng Qiufeng, Yao Shuyang, and Wang Libo, are suspected of smuggling goods and articles prohibited from import and export by the state, involving the irregular declaration for export of 1,243.55 tons of natural flake graphite. The Bayuquan Customs Anti-Smuggling Bureau executed arrests on the defendants Qi Changsheng, Meng Qiufeng, Yao Shuyang, and Wang Libo between May 2025 and September 2025.

The Xinben investor claims team reminds that due to the delayed disclosure of the criminal case information by Puyang Refractories, affected investors can voluntarily pre-register their compensation claims through the designated platform.

Claim Eligibility Criteria

For Puyang Refractories Group Co.,Ltd. (002225): Investors who purchased and held shares between May 1, 2025, and April 24, 2026, are eligible, regardless of whether the shares were sold on or after April 25, 2026. The specific scope of compensation will be determined by the court.

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