On the evening of August 26, 2025, Shandong Hiking International Co.,Ltd. (Stock Code: 600735) released an "Announcement on Receiving Administrative Regulatory Measures Decision from Qingdao Securities Regulatory Bureau and Risk Warning of Possible Implementation of Other Risk Warning and Delisting Risk Warning."
According to legal experts specializing in securities litigation, based on the administrative regulatory measures, Shandong Hiking International is suspected of securities false statements, and affected investors may seek compensation according to law.
The announcement shows that the Qingdao Securities Regulatory Bureau found that Xinhuajin Group Co., Ltd. (controlled by Zhang Jianhua, the actual controller of Shandong Hiking International) engaged in non-operating occupation of company funds. According to the company's disclosed "2025 Semi-Annual Report," as of the disclosure date of the 2025 semi-annual report, the balance of non-operating funds occupied by Xinhuajin Group and its related parties amounted to 406 million yuan.
According to the Supreme People's Court's judicial interpretation on false statements, when listed companies and actual controllers cause damage to investors' rights and interests due to securities false statement behavior, investors may file lawsuits for compensation according to law. The scope of compensation includes investment differential losses, commission and stamp tax losses.
Legal experts indicate that based on judicial interpretation, it is tentatively determined that affected shareholders who purchased Shandong Hiking International stocks between May 8, 2025, and August 26, 2025, and still held the stocks at the close of August 26, 2025, may seek compensation. The compensation conditions are subject to court determination.
Investors seeking compensation need to provide securities account information inquiry forms, stock statements (from May 1, 2025, to present), and contact information.
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