Investors who suffered losses from Aowei Communication Co., Ltd. (hereinafter referred to as "Aowei Communication") have begun receiving compensation payments, as the legal team led by attorney Zhao Jingguo from Shanghai Xinben Law Firm successfully concluded the initial phase of the securities misrepresentation lawsuit. The compensation has now been distributed to qualifying claimants, with the claim window still open for other affected parties.
Affected shareholders can register for the claim process through the "Sina Investor Rights Protection Platform" by visiting the designated webpage or accessing the platform via the Sina Finance app, where they will find detailed instructions on how to participate in the compensation scheme.
Attorney Zhao Jingguo (License No. 13101200410820485) of Shanghai Xinben Law Firm has issued a formal notice clarifying the eligibility criteria for potential claimants. Two distinct categories of investors are encouraged to voluntarily register for claims: (1) those who purchased Aowei Communication shares during the period from January 24, 2025, to April 21, 2025, and held the shares in their accounts, regardless of whether they sold them on or after April 22, 2025; and (2) those who acquired shares before March 21, 2026, and retained them in their portfolios, irrespective of any subsequent sale on or after that date.
The case stems from a regulatory action initiated on March 21, 2026, when Aowei Communication disclosed in an official announcement that it had received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC). The regulatory body decided to launch a formal investigation into the company on suspicion of violations of information disclosure rules, citing non-compliance with the Securities Law of the People's Republic of China and the Administrative Penalties Law of the People's Republic of China.
The Xinben Shareholder Claim Team reiterates that the compensation for the lawsuit against Aowei Communication has been successfully settled and delivered to the first batch of investors. All affected shareholders who have not yet filed their claims are strongly advised to take advantage of the voluntary pre-registration process available through the "Sina Investor Rights Protection Platform" before the statute of limitations expires. The claim criteria remain consistent with the conditions outlined above, covering both the late January to April 2025 purchase period and the period leading up to March 21, 2026.
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