Investors who have suffered losses can register their claims against the company on the Sina Investor Rights Protection platform.
On February 13, 2026, investor lawsuits against East Group Co.,Ltd. (300376) for losses stemming from misrepresentation, represented by attorney Xu Feng from Shanghai Jiucheng Law Firm, were once again submitted for case filing at the Guangzhou Intermediate People's Court.
Attorney Xu Feng indicated that the investor lawsuits against East Group have already resulted in favorable court judgments. In early February, some investors represented by Attorney Xu received compensation payments, which have now been paid out. The legal team is simultaneously advancing the filing procedures for subsequent cases and continues to accept representation for claims from other investors.
On the evening of December 31, 2024, East Group announced it had received the "Administrative Penalty Decision" from the China Securities Regulatory Commission (CSRC). The investigation concluded that the party involved had committed the following illegal acts: 1. East Group inflated operating revenue, operating costs, and total profit by engaging in fictitious trade businesses. 2. The company inflated operating revenue and operating costs through procurement agency businesses and other agency operations with financing characteristics. 3. It also inflated operating revenue and operating costs by engaging in data center integration businesses that had financing elements. In summary, through the aforementioned fake trade businesses, financing-related procurement agency businesses, agency operations, and data center integration businesses that lacked commercial substance, East Group inflated its operating revenue, operating costs, and total profit. This led to false records in the annual reports disclosed by East Group from 2017 to 2021.
Attorney Xu Feng believes that, based on prior successful investor judgments, investors who purchased East Group 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.
In addition to the renewed filing of lawsuits against East Group, on February 10, 2026, investor lawsuits against Qingdao Zhongzi Zhongcheng Group Co.,Ltd. (300208), also represented by Attorney Xu Feng, were again submitted for case filing at the Qingdao Intermediate People's Court.
Lawsuits for investor claims against Qingdao Zhongzi Zhongcheng represented by Attorney Xu Feng have been accepted for filing by the court on multiple occasions. The legal team continues to accept representation for claims from other investors.
On October 31, 2025, Qingdao Zhongzi Zhongcheng announced it had received the "Administrative Penalty Decision" issued by the CSRC. The investigation found that Qingdao Zhongzi Zhongcheng and others had committed the following illegal acts: 1. The annual reports of Qingdao Zhongzi Zhongcheng from 2017 to 2022 contained false records. 2. Qingdao Zhongzi Zhongcheng failed to disclose major litigation matters as required. On May 3, 2023, the company's Indonesian subsidiary, PT.Transon Bumindo Resources (TBR), received a summons and the plaintiff's indictment from the West Jakarta District Court in Indonesia regarding a lawsuit filed by PT.Pammeneral Company against TBR. The amount involved in the case was equivalent to approximately RMB 626.5946 million, accounting for 57.47% of Qingdao Zhongzi Zhongcheng's unaudited net assets at the end of 2022. Qingdao Zhongzi Zhongcheng publicly disclosed this litigation on November 6, 2023.
Attorney Xu Feng, the director of Shanghai Jiucheng Law Firm, which specializes in stock claim legal affairs, believes that investors who purchased Qingdao Zhongzi Zhongcheng stock between April 25, 2018, and April 29, 2024, and sold or continued to hold the stock after April 29, 2024, can still initiate claims.
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