Orient Group Incorporation (600811) Investor Compensation Case to Proceed to Trial

Deep News10-29

Affected investors can register their claims on the Sina Investor Rights Protection Platform: http://wq.finance.sina.com.cn/.

The court has issued a summons, and a portion of the investor compensation cases against Orient Group Incorporation (600811), represented by lawyer Xu Feng of Shanghai Jiucheng Law Firm, will be heard at the Harbin Intermediate People's Court on November 28, 2025. The legal team continues to advance the filing of subsequent cases and is still accepting claims from additional investors. Furthermore, on October 28, 2025, the lawyer submitted filings for another group of investors.

On the evening of March 16, 2025, Orient Group announced that it had received a "Prior Notice of Administrative Penalty" from the China Securities Regulatory Commission (CSRC). The investigation revealed that from 2020 to 2023, Orient Group engaged in long-term financing-related and circular trades of agricultural products by artificially adding transaction layers or fabricating business chains to maintain market share, meet financing needs, and fulfill performance targets. These fraudulent sales inflated the company’s reported revenues by RMB 3,896,546,638.75, RMB 4,865,498,090.36, RMB 6,542,641,212.14, and RMB 824,804,130.07 for 2020–2023, accounting for 25.20%, 32.05%, 50.44%, and 13.56% of the disclosed revenues (pre-correction), respectively. Similarly, costs were overstated by RMB 3,875,480,343.50, RMB 4,844,256,749.59, RMB 6,530,267,411.95, and RMB 823,740,728.14, representing 23.74%, 29.57%, 45.43%, and 11.45% of disclosed costs. As a result, Orient Group’s annual reports from 2020 to 2023 contained false records.

According to lawyer Xu Feng, based on these violations and the Securities Law, investors who purchased Orient Group shares between April 30, 2021, and June 22, 2024, and sold or held them after June 22, 2024, may still file claims.

(Submitted by lawyer Xu Feng, Director of Shanghai Jiucheng Law Firm. Xu Feng, admitted to the bar in 2008, specializes in securities fraud litigation, including misrepresentation, insider trading, and market manipulation. Over the past decade, he has represented investors in nearly 200 successful or settled cases, with hundreds more currently under litigation.)

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