Leo Group Co.,Ltd. Faces Fresh Legal Action as Shareholders File Claims

Investors are taking new legal steps against Leo Group Co.,Ltd. (ASX: 002131) over alleged securities misrepresentation.

Attorney Li Jian from Zhejiang Yufeng Law Firm, who has previously represented investors in successful claims against over 130 listed companies, stated that based on relevant announcements, Leo Group Co.,Ltd. is suspected of securities misrepresentation. The firm has already submitted litigation materials on behalf of a group of affected shareholders.

The case stems from an announcement made by the company on the evening of April 23, 2026. In its "2025 Annual Performance Forecast Correction Announcement," the company revised its earlier projections. The initial forecast, disclosed on January 31, 2026, estimated net profit attributable to shareholders to be between 190 million and 250 million yuan, with adjusted net profit between 150 million and 190 million yuan, and basic earnings per share between 0.0281 and 0.0369 yuan. The corrected forecast significantly lowered these figures, projecting net profit attributable to shareholders at only 30 to 45 million yuan, adjusted net profit at 35 to 50 million yuan, and basic earnings per share between 0.0044 and 0.0066 yuan.

According to the Supreme People's Court's judicial interpretation on false statements, investors who suffer losses due to such misrepresentations by listed companies can file claims for compensation. The scope of compensation includes investment loss differentials, commissions, and stamp duty losses.

Attorney Li Jian noted that the judicial interpretation has clearly eliminated the pre-litigation administrative penalty requirement. He stated that, provisionally, investors who purchased Leo Group Co.,Ltd. shares between January 31, 2026, and April 23, 2026, and still held the shares at the market close on April 23, 2026, may be eligible to claim compensation. The final conditions for eligibility will be determined by the court.

Investors seeking to file a claim are required to provide documentation including a securities account information query statement, a stock transaction statement covering the period from January 1, 2026, onwards, and contact details.