Affected investors can register for claims against the company on the Sina Shareholder Rights Protection Platform at http://wq.finance.sina.com.cn/, or follow @Sina Securities on social media, track the Sina Securities and Funds WeChat account, search for the platform via Baidu, or access the Sina Finance app and homepage to locate the registration portal.
Recently, the securities misrepresentation lawsuit filed by investors against Leo Group Co., Ltd. (referred to as Leo Group, stock code: 002131) has been advancing steadily. Li Jian, a lawyer at Zhejiang Yufeng Law Firm and one of the plaintiffs' representatives, stated that based on relevant announcements, Leo Group is suspected of securities misrepresentation, and the firm has already submitted filing materials on behalf of multiple batches of affected shareholders.
Reviewing the case timeline, on the evening of April 23, 2026, Leo Group released its '2025 Annual Performance Forecast Amendment Announcement.' The announcement revealed that on January 31, 2026, the company had issued its initial '2025 Annual Performance Forecast,' projecting net profit attributable to shareholders of the listed company in the range of RMB 190 million to RMB 250 million, with net profit after deducting non-recurring gains and losses attributable to shareholders between RMB 150 million and RMB 190 million, and basic earnings per share between RMB 0.0281 and RMB 0.0369. The revised forecast now indicates net profit attributable to shareholders of RMB 30 million to RMB 45 million, with net profit after deducting non-recurring gains and losses attributable to shareholders of RMB 35 million to RMB 50 million, and basic earnings per share between RMB 0.0044 and RMB 0.0066.
According to the judicial interpretation issued by the Supreme People's Court on false statements, investors whose rights and interests have been harmed by securities misrepresentation by listed companies are entitled to file lawsuits seeking compensation, covering losses from investment differentials, commissions, and stamp duty.
'According to the judicial interpretation, the pre-procedure requirement has been explicitly removed,' remarked lawyer Li Jian. Based on this, lawyers have preliminarily proposed that affected shareholders who purchased Leo Group shares between January 31, 2026, and April 23, 2026, and still held those shares at the close of trading on April 23, 2026, may file claims in accordance with the law. The final eligibility conditions will still be determined by the court's judgment.
Investors seeking to initiate claims must provide supporting documents including a securities account information inquiry form, trade statements covering the period from January 1, 2026 to the present, and contact details.
This article is based on information provided by lawyer Li Jian of Zhejiang Yufeng Law Firm. Li Jian holds the position of director at the Securities Law Research Association under the China Law Society and serves as a securities dispute mediator with the Securities Association of China. In 2009, he was honored with the title 'Outstanding Young Lawyer of Zhejiang Province.' Since 2003, Li Jian has achieved significant results representing investors in lawsuits against more than 150 listed companies, including Wuliangye and Da Zhihui, successfully obtaining compensation. Among these cases, the Xiangyuan Culture and Zhao Wei case ranked among the Top Ten Commercial Cases of Chinese Courts in 2019, the Hangxiao Steel Structure case was included as one of the 'Top Ten Court Mediation Cases Nationwide' in 2012, the Huifeng Shares case marked the first ordinary representative litigation for securities disputes in Jiangsu Province, and the Dongfang Electronics case is regarded as the pioneering securities civil compensation case in China. Li Jian has received over a thousand interviews from more than 100 media outlets, including CCTV, Xinhua News Agency, Securities Times, Securities Daily, China Securities Journal, People's Court Daily, and China Business Network.
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