Shanghai Jiucheng Law Firm attorney Xu Feng announced that the investor compensation lawsuit against Thinker Agricultural Machinery Co.,Ltd. (603789) for alleged false statements has been initiated.
On September 30, 2025, Thinker Agricultural Machinery Co.,Ltd. (603789) announced that it recently received a "Case Filing Notice" from the China Securities Regulatory Commission (CSRC) (Number: CSRC Case Filing No. 01120250032). Due to the company's suspected violations of information disclosure regulations, the CSRC decided to file a case against the company in accordance with the Securities Law, Administrative Penalty Law and other relevant laws and regulations.
Attorney Xu Feng believes that investors who purchased Thinker Agricultural Machinery Co.,Ltd. shares before September 30, 2025, and sold or continued to hold the shares after September 30, 2025, may still file for compensation.
In addition to the initiated Thinker Agricultural Machinery Co.,Ltd. investor compensation case, on September 28, 2025, attorney Xu Feng's Qingdao Zhongzi Zhongcheng Group Co.,Ltd. investor compensation case received another court filing. Some cases have previously received multiple court filings, and the legal team is currently continuing to advance the filing work for subsequent cases while continuing to accept compensation mandates from other investors.
On April 30, 2025, Qingdao Zhongzi Zhongcheng Group Co.,Ltd. (300208) announced that it received an "Administrative Penalty Prior Notice" from the CSRC. After investigation, the violations by Qingdao Zhongzi Zhongcheng Group Co.,Ltd. and related personnel are as follows:
First, Qingdao Zhongzi Zhongcheng Group Co.,Ltd.'s annual reports from 2017 to 2022 contained false statements.
From 2017 to 2021, the financial data related to Qingdao Zhongzi Zhongcheng Group Co.,Ltd.'s Philippines wind-solar integrated project contained false statements. The wind power project falsely recognized revenue and profits despite not meeting revenue recognition conditions, while the solar project recognized revenue and profits prematurely by inflating project progress. From 2020 to 2022, Qingdao Zhongzi Zhongcheng Group Co.,Ltd. inflated financial data related to Indonesian mining rights. The CIS coal mine mining license was revoked, which Qingdao Zhongzi Zhongcheng Group Co.,Ltd. knew about no later than 2020. The JAYA manganese mine mining rights expired in June 2021. Qingdao Zhongzi Zhongcheng Group Co.,Ltd. failed to write off these assets and continued to list them as intangible assets in its financial statements.
Second, Qingdao Zhongzi Zhongcheng Group Co.,Ltd. failed to disclose major litigation matters as required.
Shanghai Jiucheng Law Firm director attorney Xu Feng believes that based on the above violations and according to securities law provisions, investors who purchased Qingdao Zhongzi Zhongcheng Group Co.,Ltd. shares between April 25, 2018, and April 29, 2024, and sold or continued to hold shares after April 29, 2024, may still file for compensation.
Attorney Xu Feng has been practicing law since 2008, with service scope covering compensation representation in securities fraud areas such as false statements, insider trading, and market manipulation. Over more than a decade, he has represented investors in nearly 200 stocks who won cases or received compensation through mediation, and is currently representing compensation cases for nearly 300 stocks within the statute of limitations, some of which have already achieved successful outcomes and mediation compensation. License number: 13101200810965495.
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