A lawsuit seeking compensation for investors in Wuliangye Yibin Co.,Ltd. (000858), represented by attorney Xu Feng from Shanghai Jiucheng Law Firm, has been officially accepted by the Chengdu-Chongqing Financial Court as of May 20, 2026. The case is currently pending further scheduling by the court. The legal team is concurrently advancing representation for subsequent related cases and continues to accept mandates for compensation claims from other affected investors.
On the evening of April 30, 2026, Wuliangye Yibin Co.,Ltd. issued an announcement regarding the correction of prior accounting errors. The company stated that during meetings held on April 28, 2026—the 4th meeting of the 7th Board of Directors in 2026 and the 4th meeting of the 7th Board Audit Committee in 2026—the "Proposal on Correction of Prior Accounting Errors" was reviewed and approved. This correction was made in accordance with relevant regulations, including "Accounting Standard for Business Enterprises No. 28—Changes in Accounting Policies and Estimates, and Corrections of Errors" and "Rules No. 19 for Compilation and Reporting of Information Disclosure by Companies Offering Securities to the Public—Correction of Financial Information and Related Disclosure," with specific details of the corrections provided.
Xu Feng, the managing partner of Shanghai Jiucheng Law Firm, which specializes in securities litigation, indicates that investors who purchased Wuliangye Yibin Co.,Ltd. shares between April 28, 2025, and May 1, 2026, and sold or continued to hold these shares after May 1, 2026, may still be eligible to initiate compensation claims. The final eligibility will be subject to the court's determination.
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