On August 15, 2025, the investor compensation case against Sgsg Science&Technology Co.,Ltd. Zhuhai (300561) represented by lawyer Xu Feng from Shanghai Jiucheng Law Firm has been submitted to the Zhuhai Intermediate People's Court for filing. The case is currently awaiting the court's next arrangements, while the legal team continues to advance the filing of subsequent cases and accept compensation mandates from other investors.
On the evening of August 8, 2025, Sgsg Science&Technology announced that it received an "Administrative Penalty Prior Notice" issued by the Guangdong Securities Regulatory Bureau. After investigation, the following facts regarding the company's suspected information disclosure violations were identified:
In the 2024 annual performance forecast disclosed on January 24, 2025, Sgsg Science&Technology only disclosed that the net profit for the reporting period was negative, but failed to disclose that the company's operating revenue after deductions for 2024 was less than 100 million yuan. According to Article 10.3.1 of the "Shenzhen Stock Exchange ChiNext Stock Listing Rules" (Shenzhen Stock Exchange [2024] No. 340), if a listed company's audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the most recent fiscal year are all negative (whichever is lowest), and the operating revenue after deductions is below 100 million yuan, the exchange will implement delisting risk warning. In December 2024, Sgsg Science&Technology included 9,037,382.29 yuan in order amounts that had not been actually fulfilled into its 2024 annual operating revenue. After excluding this amount, the company's 2024 annual operating revenue was less than 100 million yuan, making the 2024 performance forecast misleading.
Xu Feng, director of Shanghai Jiucheng Law Firm, believes that based on the above violations and according to securities law regulations, investors who purchased Sgsg Science&Technology shares between January 25, 2025 and March 29, 2025, and sold or continue to hold the shares after March 29, 2025, are now eligible to file compensation claims.
(Xu Feng, practicing since 2008, specializes in securities fraud compensation cases including false statements, insider trading, and market manipulation. Over more than ten years, he has represented nearly 200 stocks where investors won lawsuits or received compensation through mediation, and is currently handling compensation cases for nearly 300 stocks within the statute of limitations, some of which have already achieved successful outcomes and mediated settlements. Practice License No.: 13101200810965495)
Comments