crashcards| Aokang International (603001) issued a pre-penalty and will face investor claims

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On the evening of April 29th, 2024CrashcardsZhejiang Aokang Footwear Co., Ltd. (hereinafter referred to as "ST Aokang (rights protection)" or "the company") issued a notice on the receipt of the "notice of Administrative punishment in advance" from the Zhejiang Administration of Securities Regulatory Commission of China Securities Regulatory Commission. Due to the suspected violations of information disclosure, Zhejiang Securities Regulatory Bureau intends to order ST Aokang to correct, give a warning and impose a fine of 3 million yuan. Zhao Jingguo, a lawyer from Shanghai Xinben Law Office (license number)Crashcards13101200410820485) prompt that investors who buy and have positions during the period from April 26, 2022 to April 25, 2023, regardless of whether they sell or not after April 26, 2023, can voluntarily register their claims through the "Sina investor rights protection platform". (Zhao Jingguo lawyer column)

Review the cases of illegal disclosure of ST Aokang information. On March 15, 2024, Mr. Wang Zhentao, the actual controller and chairman of the company, respectively received the "notice of filing a case" issued by the China Securities Regulatory Commission (hereinafter referred to as "CSRC"). On suspicion of illegal information disclosure, according to the Securities Law of the people's Republic of China and the Administrative punishment Law of the people's Republic of China, The China Securities Regulatory Commission decided to file a case against the company, Mr. Wang Zhentao. On April 28th, the company received the "notice of Administrative punishment in advance" issued by Zhejiang Regulatory Bureau of China Securities Regulatory Commission (Zhejiang punishment word [2024] No. 12). It was found out that the parties suspected of violating the law are as follows: ST Aokang has non-operating funds occupied by the actual controller and its related parties. Aokang shares has not been disclosed in a timely manner in accordance with the regulations, nor has it been truly, accurately and fully disclosed in the 2021 annual report, 2022 annual report, 2023 semi-annual report and other reports. Zhao Jingguo, a lawyer from Shanghai Xinben Law firm, believes that investors who buy and hold positions during the period from April 26, 2022 to April 25, 2023, regardless of whether they sell or not after April 26, 2023, can voluntarily initiate claim registration.

Letter this investor claim team reminds, ST Aokang pre-punishment issued, so damaged investors, can voluntarily initiate claim registration.

Conditions for safeguarding rights:

ST Okang: buy and hold positions between April 26, 2022 and April 25, 2023, whether or not sold after April 26, 2023 (specific scope of compensation to be determined by the court) (ST Aokang entry)

(this article is contributed by Zhao Jingguo, a partner of Shanghai Xinben Law firm, and does not represent the views of Sina Finance. Zhao Jingguo, a lawyer who qualified as a lawyer in 1999, has a solid knowledge of legal theory and has taught in colleges and universities. He has been practicing as a lawyer since 2004, has undertaken more than a thousand litigation cases, and has accumulated a wealth of dispute handling experience, especially good at dealing with securities disputes, finance, non-performing assets and other business. Since practice, Zhao Jingguo, a lawyer, has represented investors in a number of claims against listed companies. The cases that have won or have been compensated include Zhonganke claim, Zhongbing Hongjian claim, Busen clothing claim, Zhongqian share claim, Aurid claim, Zhangzi Island claim, Tianshen Entertainment claim, Fushun Special Steel claim, Fei Le Audio claim, Xiangyi Rongtong claim, Yan'an Bikang claim, Huanrui Century claim and so on. )