Nanjing Panda Lawsuit Progresses: Eligible Investors Can Still File Claims

Deep News12-09

Investors affected by the alleged securities misrepresentation case involving Nanjing Panda Electronics Company Limited (stock code: 600775) can still pursue legal action, according to legal representatives. Li Jian, a lawyer from Zhejiang Yufeng Law Firm who has successfully represented investors in over 130 listed company cases, confirmed that the claim period remains open. (Li Jian's Legal Column)

The case stems from a regulatory warning issued by the Jiangsu Securities Regulatory Bureau on January 14, 2025. Nanjing Panda had initially projected 2023 net profits attributable to shareholders between 16.1943 million yuan and 24.2915 million yuan in its January 30, 2024 forecast. However, the actual annual report released on March 29, 2024, revealed a net loss of 237.8622 million yuan, with core operating losses reaching 257.0095 million yuan - a significant discrepancy that changed the profit/loss nature of the results.

Under China's new judicial interpretations on securities misrepresentation, affected investors may claim compensation for investment differential losses, commissions, and stamp duty losses.

Attorney Li Jian outlined the preliminary eligibility criteria: investors who purchased Nanjing Panda shares between January 31, 2024 and March 28, 2024, and held them through market close on March 28, 2024, may file claims. Final compensation amounts will be determined by the court. (Nanjing Panda Claim Portal)

Claimants need to provide securities account information, transaction records (from January 1, 2024 onward), and contact details.

[This legal analysis was provided by Attorney Li Jian of Zhejiang Yufeng Law Firm. Li Jian, a council member of China Securities Law Society and a securities dispute mediator, has represented successful cases against over 130 listed companies since 2003, including landmark cases against Wuliangye and DZH. His notable cases include the Xiangyuan Culture/Zhao Wei case (selected as one of China's Top 10 Commercial Cases of 2019) and the first ordinary representative securities case in Jiangsu Province involving Huifeng Share.]

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