Shandong Hiking International Co.,Ltd. (600735) Faces Regulatory Measures from Qingdao Securities Regulatory Bureau, Investor Compensation Claims Initiated

Deep News09-09

Attorney Xu Feng from Shanghai Jiucheng Law Firm indicates that investor compensation cases involving Shandong Hiking International Co.,Ltd. (600735) for alleged false statements have been initiated, and affected investors should stay informed.

On August 27, 2025, Shandong Hiking International Co.,Ltd. (600735) announced receiving a "Decision on Ordering Rectification Measures Against Shandong Xinhuajin International Co., Ltd., Xinhuajin Group Co., Ltd., and Zhang Jianhua" issued by the Qingdao Securities Regulatory Bureau. As of the disclosure date of the 2025 interim report, the non-operating fund occupation by Xinhuajin Group Co., Ltd. and its related parties amounted to 406 million yuan. Investigation revealed that Xinhuajin Group Co., Ltd., controlled by Zhang Jianhua, the actual controller of Shandong Xinhuajin International Co., Ltd., engaged in non-operating occupation of company funds.

According to the company's disclosed "2025 Interim Report," as of the interim report disclosure date, the balance of non-operating fund occupation by Xinhuajin Group and its related parties reached 406 million yuan. The aforementioned conduct violated Articles 2, 3, and Item 2 of Article 5 of the "Listed Company Regulatory Guidelines No. 8 - Regulatory Requirements for Listed Company Fund Transactions and External Guarantees" (CSRC Announcement [2022] No. 26).

Attorney Xu Feng, director of Shanghai Jiucheng Law Firm, believes that based on the comprehensive illegal facts and securities law provisions, investors who purchased Shandong Hiking International Co.,Ltd. shares between May 8, 2025, and August 27, 2025, and sold or continue to hold the shares after August 27, 2025, are now eligible to initiate compensation claims.

(Attorney Xu Feng has been practicing law since 2008, with services covering securities fraud compensation representation including false statements, insider trading, and market manipulation. Over more than a decade, he has represented nearly 200 stocks in successful litigation or mediated compensation for investors, while simultaneously handling compensation cases for nearly 300 stocks within the statute of limitations, some of which have also achieved successful litigation and mediated compensation precedents. Practice License Number: 13101200810965495)

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