Investors who have suffered losses can register their claims on the Sina Investor Rights Protection platform.
On April 14, 2026, a new batch of investor claims against East Group Co.,Ltd., represented by lawyer Xu Feng from Shanghai Jiucheng Law Firm, was submitted to the Guangzhou Intermediate People's Court for filing. These claims are related to losses allegedly caused by the company's misrepresentation.
Lawyer Xu Feng indicated that the investor claims case against East Group Co.,Ltd. has already resulted in favorable court judgments. Some investors have previously received compensation payments, which have been fully paid out. A portion of the claims represented by Lawyer Xu Feng's team have been resolved through settlement, with compensation already received. The legal team is concurrently advancing the filing of subsequent cases and continues to accept mandates from other investors for claim submissions.
On the evening of December 31, 2024, East Group Co.,Ltd. announced it had received the "Administrative Penalty Decision" from the China Securities Regulatory Commission (CSRC). The investigation concluded that the company had committed the following illegal acts: 1. Inflating operating revenue, operating costs, and total profit through engaging in fake trade businesses. 2. Inflating operating revenue and operating costs through conducting procurement agency businesses and other agency businesses with financing characteristics. 3. Inflating operating revenue and operating costs through engaging in data center integration businesses with financing characteristics.
Lawyer Xu Feng believes that, based on prior successful investor judgments and compensation precedents, investors who purchased East Group Co.,Ltd. stock between March 15, 2018, and May 12, 2023, and sold or continued to hold the stock after May 12, 2023, may still initiate claims.
In addition to the new filing in the East Group Co.,Ltd. case, Lawyer Xu Feng highlighted that the investor claims case against Svg Tech Group Co.,Ltd. has already established a precedent with successful rulings at both the first and second trial levels.
Previously, on December 29, 2023, Svg Tech Group Co.,Ltd. announced it had received the "Administrative Penalty Decision" from the Jiangsu Securities Regulatory Bureau. The investigation found that the company had committed the following violation: On September 14, 2023, at 12:25 PM, in response to a prior investor inquiry on the Shenzhen Stock Exchange's interactive platform regarding which renowned companies used its "lithography machine" technology, Svg Tech Group Co.,Ltd. replied that its "lithography machine" had been sold to leading domestic chip enterprises and exported to countries including Japan, South Korea, and Israel, and that it had supplied positioning grating scale components to domestic chip lithography machine manufacturers. Following this reply, the company's stock price quickly turned from loss to gain in the afternoon session, closing up 20% for the day. The "lithography machine" referenced in the company's reply was actually a direct-writing lithography device used for producing micro-nano optical materials and masks, fundamentally different from the lithography machines used in chip manufacturing. The company failed to accurately and completely disclose the type and specific application fields of the lithography equipment it sold. Furthermore, the concurrent use of the terms "lithography machine" and "chip lithography machine" in the reply was deemed misleading.
Lawyer Xu Feng, specializing in stock claim legal affairs, believes that based on the prior successful investor judgment, investors who purchased Svg Tech Group Co.,Ltd. stock during the afternoon of September 14, 2023, and sold or continued to hold the stock after September 15, 2023, may still initiate claims. He noted that the limitation period for these claims is now in its final five-month countdown, after which the right to claim will expire.
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