Investors who suffered losses are now able to register for rights protection claims against Yunchuang Data. The registration process is currently active, and affected parties can seek compensation by providing relevant documentation of their trading activity. Recently, the legal team led by attorney Liu Peng from Shanghai Huzi Law Firm has submitted a portion of the investor claims against the company to the court. The window for rights protection registration remains open, and eligible investors are encouraged to apply for participation based on their individual circumstances.
On April 29, 2026, Yunchuang Data disclosed that it had received an advance notice of administrative penalties from the Jiangsu Securities Regulatory Bureau. The regulatory investigation revealed that the company allegedly engaged in violations of information disclosure regulations and provided false information during its public offering process. According to the notice, between 2020 and the first half of 2024, certain business operations were either not actually conducted or lacked commercial substance, yet the company recognized revenue from these operations, leading to inflated revenue figures across multiple reporting periods.
Additionally, when the company filed for a public offering to unspecified qualified investors in 2021, its prospectus incorporated the 2020 financial data that contained false information, constituting suspected fraudulent issuance. In 2022, the company also reduced its total profit by 5.2271 million yuan through a fictitious disposal of construction-in-progress assets, further distorting its financial statements for that period.
In response to these issues, the regulatory body intends to order the company to rectify its practices and issue a warning, alongside a proposed total fine of 79.6 million yuan. The responsible individuals are also facing penalties, with the then-chairman and general manager each facing proposed fines of 15 million yuan and 14 million yuan respectively, as well as a proposed lifetime ban from the securities market.
As the regulatory developments continue to unfold, the claims process for Yunchuang Data investors has entered a new phase. Based on the current case conditions, investors who purchased shares between February 5, 2021, and April 27, 2025 (inclusive), and who sold or continued to hold their shares after April 28, 2025, while incurring losses, may be eligible to participate in the claims registration.
It is important to note that the final determination of eligibility will be subject to the court's ruling.
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