Wuliangye Yibin Faces New Investor Compensation Claim Filing in Court

Deep News05-28

On May 27, 2026, a securities compensation case involving investors of Wuliangye Yibin Co.,Ltd. (000858) was submitted to the court for filing by lawyer Xu Feng from Shanghai Jiucheng Law Firm. This represents a new submission in the ongoing legal proceedings.

Previously, on May 20, 2026, a separate investor compensation claim against Wuliangye Yibin, also represented by lawyer Xu Feng, was officially accepted for filing by the Chengdu-Chongqing Financial Court. The case is currently awaiting the court's next procedural steps. The legal team continues to advance representation for subsequent cases and is still accepting mandates from other investors seeking compensation.

The legal actions follow an announcement made by Wuliangye Yibin on the evening of April 30, 2026, regarding the correction of prior accounting errors. The company stated that its board of directors and audit committee held meetings on April 28, 2026, and reviewed and passed the "Proposal on the Correction of Prior Accounting Errors." The announcement detailed the specific circumstances of the corrections in compliance with relevant accounting standards and disclosure rules for listed companies, advising investors to read the full announcement carefully.

Lawyer Xu Feng, who specializes in securities litigation, asserts that investors who purchased Wuliangye Yibin shares between April 28, 2025, and May 1, 2026, and sold or continued to hold those shares after May 1, 2026, may currently initiate claims for compensation. The final eligibility will be subject to the court's determination.

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