East Group Co., Ltd. (300376) Investor Claim Case Filed Again in Court, Following Prior Successful Verdicts

Affected investors can register their claims against the company on the Sina Investor Rights Protection platform: http://wq.finance.sina.com.cn/ On January 8, 2026, a securities claim case against East Group Co., Ltd. (300376) concerning false statement disclosures, represented by lawyer Xu Feng from Shanghai Jiucheng Law Firm, was once again submitted for filing with the Guangzhou Intermediate People's Court. Lawyer Xu Feng indicated that the investor claim case against East Group Co., Ltd. has already resulted in a successful court judgment. The cases represented by Lawyer Xu Feng have been submitted to the court for filing on multiple occasions, with some cases having already received calculation reports delivered by the court. Work is currently underway to advance compensation through mediation, while the legal team is simultaneously progressing with the filing of subsequent cases and continues to accept claim mandates from other investors. 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 found the party involved had committed the following illegal acts: Firstly, East Group Co., Ltd. inflated operating revenue, operating costs, and total profit by engaging in fictitious trade businesses. Secondly, the company inflated operating revenue and operating costs by conducting procurement agency businesses and other agency businesses with financing characteristics. Thirdly, it inflated operating revenue and operating costs by engaging in data center integration businesses with financing characteristics. In summary, East Group Co., Ltd. inflated operating revenue, operating costs, and total profit through the aforementioned fake trade businesses, financing-related procurement agency businesses, agency businesses, and data center integration businesses that lacked commercial substance. This led to false records in the annual reports disclosed by East Group Co., Ltd. from 2017 to 2021. Lawyer Xu Feng, the director of Shanghai Jiucheng Law Firm, which specializes in securities claim legal affairs, believes that 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, can still initiate claims.