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cryptocomgamefi| Aerospace Power (600343) issued an announcement on the progress of investor litigation, and investors who have not sued can still sue

Politics 2024-05-23 16:24 24 editor

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On the evening of May 21, 2024, Aerospace Power (Rights Protection) (600343) issued a progress announcement on the litigation of medium and small investors, saying that the company disclosed the "announcement of Aerospace Power on Litigation involving medium and small investors" on April 27, 2024. 142investors brought a lawsuit to the court on the grounds of liability disputes over securities misrepresentation, with a total amount of 1056 yuan.CryptocomgamefiHalf a million yuan, of which the lawsuit of three investors will be heard on May 15, 2024.

On May 21, 2024, Aerospace Power Company received the "Civil order" of the case served by the Xi'an Intermediate people's Court, which has ruled to allow three plaintiffs to withdraw the case. The trial time of another 139 investor litigation cases has not yet been determined.

Xu Feng, a lawyer from Shanghai Jiucheng Law firm, believes that there may be many reasons for withdrawing the lawsuit, but it does not affect investors who have not yet sued to continue to sue. The aerospace power investor claim case represented by lawyer Xu Feng has previously been filed by the Xi'an Intermediate people's Court, and is still continuing to promote the filing of the follow-up case and continue to accept claims from other investors.

On the evening of March 25, 2024, the Aerospace Power announcement received a written decision on Administrative punishment issued by the CSRC. It has been found out that the following illegal facts exist in Aerospace Power and so on.Cryptocomgamefi:

According to the annual report from 2016 to 2020, the falsely increased operating income of aerospace power intelligent data module trade business was 434.5854 million yuan, 853.602 million yuan, 772.4279 million yuan, 1659513 million yuan and 82.1708 million yuan respectively, accounting for 24.09%, 46.38%, 40.92%, 62.59% and 6.58% of the current operating income, respectively. 9.7761 million yuan, 18.713 million yuan, 13.5323 million yuan and 12.2317 million yuan accounted for 20.66%, 73.84%, 50.38%, 14.33% and 36.01% of the total profits disclosed in the current period, respectively.

The above actions of Aerospace Dynamics led to false records in its annual report from 2016 to 2020.

cryptocomgamefi| Aerospace Power (600343) issued an announcement on the progress of investor litigation, and investors who have not sued can still sue

On July 18, 2020, Aerospace Power's announcement on the Shanghai Stock Exchange's reply to the company's 2019 annual report information disclosure did not truly, accurately and fully disclose that the intelligent data module trade business suppliers and transaction pricing came from Sui Tianli's arrangement, as well as Aerospace Power's failure to conduct on-site acceptance of all transactions. The interim announcement disclosed by Aerospace Dynamics in 2020 has a false record.

Lawyer Xu Feng, director of Shanghai Jiucheng Law firm, believes that according to the current situation, according to the provisions of the Securities Law, investors who buy aerospace power stocks between March 31, 2017 and August 13, 2022, and who sell or continue to hold shares after August 13, 2022, can also file claims.

(this article is contributed by lawyer Xu Feng, director of Shanghai Jiucheng Law firm, and does not represent Sina's financial position. Lawyer Xu Feng, who has been a lawyer since 2008, has been a claim agent in the field of securities fraud, such as misrepresentation, insider trading, market manipulation and so on. Over the past ten years, investors who have represented nearly 200 stocks have won the case or obtained compensation through mediation, and in the same period, they have also won or mediated claims for nearly 300 stocks within the limitation of action, and some of them have already won the case and obtained compensation through mediation. License No.: 13101200810965495)

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