This week, the team led by lawyer Liu Peng at Shanghai Huzi Law Firm has successively submitted filing materials to the competent people's courts for investor compensation claims involving six listed companies: Dashang (rights protection), Zhidu Holdings (rights protection), Helitai, Rongke Technology, Yihualu, and Zitian Technology.
All six companies have been subject to regulatory penalties or investigations due to issues such as information disclosure violations, and the window for affected investors to seek compensation remains open.
Other cases are also being advanced in an orderly manner, and investors need not worry, as progress will be communicated as soon as it is available.
Investors are required to provide: securities account opening information, account statements or settlement statements stamped with the brokerage's seal, a copy of their ID card, and other materials.
The legal team will review the materials, and qualifying investors will be notified to join the claim.
Securities rights protection is subject to the statute of limitations, so affected investors are advised to register as early as possible to avoid missing the window for pursuing their rights.
The final compensation amount and payout ratio in each case depend on the effective court judgment and the defendant's ability to perform.
Overview of Specific Violations
1. Dashang (600327)
In February 2026, the Jiangsu Securities Regulatory Bureau issued a warning letter to the company.
An investigation found that the company's basis for accounting for its investment in an affiliated partnership as a long-term equity investment was insufficient, the accounting treatment was not prudent, and it failed to identify improper accounting treatment by the affiliated partnership, resulting in inaccurate disclosure of relevant financial data in its financial statements from 2022 to 2024.
Claim conditions: investors who bought during the period from April 20, 2023 to January 29, 2026, and who sold after January 30, 2026 or still hold shares at a loss (Dashang rights protection entry).
2. Zhidu Holdings (000676)
In May 2026, the Shenzhen Stock Exchange issued a regulatory letter to the company and several then-current senior executives.
The violations included: first, failure to fully disclose the control structure, with an equity holding agreement at the level of the indirect controlling shareholder not disclosed in the annual report until April 2025; second, failure to timely disclose related-party transactions, including a subsidiary lending 45 million yuan to a related party, and cumulative transfers of 49.09 million yuan to related parties through suppliers from 2020 to 2023, none of which fulfilled the corresponding review procedures and information disclosure obligations.
Claim conditions: investors who bought on or before May 22, 2026 (inclusive), and who sold after May 23, 2026 or still hold shares at a loss.
3. Helitai (002217)
In June 2026, the company received an Administrative Penalty Advance Notice from the Fujian Securities Regulatory Bureau.
An investigation found that Helitai inflated operating revenue from 2017 to 2019 and understated operating revenue in 2020 without actual transactions, resulting in inflated total profit from 2017 to 2019; in 2020, total profit was understated by 993 million yuan.
In addition, incorrect accounting treatment of subsidiary financing further inflated annual profits from 2019 to 2021.
Claim conditions: investors who bought during the period from April 24, 2018 to April 28, 2025, and still held shares at a loss as of the close on April 28, 2025.
4. Rongke Technology (300290)
The company was placed under other risk warning due to illegal guarantees by its former controlling shareholder.
An investigation found that the former controlling shareholder had an illegal guarantee of approximately 136 million yuan without internal approval or contract filing; in addition, there were five illegal guarantees provided to Fushun Bank, involving a cumulative principal balance of 685 million yuan and related interest.
Claim conditions: investors who bought during the period from June 10, 2020 to June 26, 2026 (inclusive), and who sold after June 27, 2026 or still hold shares at a loss.
5. Yihualu (300212)
On April 28, 2026, the company disclosed that it had received a Case Filing Notice from the China Securities Regulatory Commission and was under investigation on suspicion of information disclosure violations.
As of now, the company has not received any conclusive opinion or decision.
It is worth noting that the company has also been decided by a court to initiate pre-restructuring procedures.
Claim conditions: investors who bought on or before April 28, 2026 (inclusive), and who sold after April 29, 2026 or still hold shares at a loss.
6. Zitian Technology (300280)
The company's violations were the most serious, having been investigated by the CSRC three times within three years.
In November 2023, it was investigated for failing to timely disclose the freezing of the controlling shareholder's equity; in October 2024, it was investigated on suspicion of information disclosure violations and refusal to cooperate with or obstruction of law enforcement, and Chairman Song Qing, General Manager Li Lin, and Chief Financial Officer LIXIANG (Li Xiang) were each subject to a 10-year market ban.
In May 2025, it was investigated for a third time for failing to disclose periodic reports on time.
The Fujian Securities Regulatory Bureau found that the company's financial accounting reports contained false records, and relevant personnel refused to cooperate with inspections and investigations.
Claim conditions: (1) investors who bought during the period from January 31, 2024 to April 30, 2024, and who sold after May 1, 2024 or still hold shares at a loss; (2) investors who bought during the period from April 28, 2023 to October 27, 2024, and who sold after October 28, 2024 or still hold shares at a loss.
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