Investors pursuing compensation from Weichuang Group Co., Ltd., formerly known as *ST Weichuang and Weichuang Shares with the original code 002308, are facing a rapidly closing three-month deadline for filing claims related to securities misrepresentation. Attorney Li Jian from Zhejiang Yufeng Law Firm, who has a track record of successfully representing investors against more than 150 listed companies, confirmed that while time is limited, affected shareholders can still initiate legal proceedings.
The case stems from regulatory actions taken in June 2025. On June 23, 2025, Weichuang Shares announced receipt of the Administrative Penalty Decision from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission. Decision No. 5 revealed two primary violations: failure to disclose the 2023 annual report within the statutory period, and failure to disclose the 2024 semi-annual report within the required timeframe.
Additional penalty decisions numbered 6 and 7 outlined further violations involving the company, Liu Jun, and Lu Keping. These included Lu Keping's failure to notify the company about actual controller changes, which led to inaccurate disclosures in the 2023 semi-annual report. Liu Jun failed to fulfill reporting obligations regarding agreement-based acquisition matters, while Weichuang failed to properly disclose significant changes in company control. The company also neglected to disclose non-operational fund occupation by related parties and failed to report fund flows with related parties on time, resulting in false statements in the 2023 third-quarter report.
Under the judicial interpretation governing false statements, listed companies and actual controllers can be held liable when investor losses stem from securities misrepresentation. Eligible compensation covers investment difference losses, commission fees, and stamp duty expenses. A significant development occurred on February 3, 2026, when Weichuang announced that the Guangzhou Intermediate Court ruled in the first instance that the company must compensate investor Zhang a total of 116,550.88 yuan covering investment losses, commissions, and stamp duty, with Lu Keping and ten other defendants bearing joint and several liability at varying proportions.
Attorney Li Jian emphasized that delisting does not affect investors' legal right to pursue claims. His firm has already represented multiple groups of investors in such cases. Based on the judicial interpretation, the tentative eligibility window covers investors who purchased *ST Weichuang shares between June 26, 2023, and December 22, 2023, and still held those shares at market close on December 22, 2023. Final eligibility determinations remain subject to court rulings.
Investors seeking compensation must prepare their securities account opening information query form, transaction statements covering the period from June 1, 2023 to the present, and contact details. These documents are essential for filing the claim before the deadline expires.
Where to begin the process
Affected shareholders should gather the required documentation promptly and consult with legal counsel experienced in securities litigation. The three-month window requires decisive action, and those who meet the preliminary criteria should initiate proceedings without delay to preserve their claims.
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