Beijing Huichen Zidao Information Co., Ltd. ***ST Huichen, 688500) issued an announcement on the receipt of the "Administrative Penalty Decision" on December 23, 2023. Only two weeks have passed since the company received the prior notice of punishment, and the formal administrative penalty has been implemented. Huichen Co., Ltd. was given a warning and fined 5 million yuan, and He Kanchen, Zhao Long, Xu Jing and Ma Liang were also given warnings and fined different amounts.
It was found that there were false records in the prospectus of Huichen shares (*ST Huichen, 688500), and the 2020 annual report inflated profits by 6,096160,000 yuan, accounting for 60% of the total disclosed profit in the current period69%；The 2021 annual report inflated profit by 1,721190,000 yuan, accounting for 3645%；and the 2022 annual report with an inflated profit of 10,496200,000 yuan, accounting for 49 percent of the absolute value of the total disclosed profit for the current period84%。
According to the Civil Code, the Law and the judicial interpretation of the Supreme People's Court on civil compensation for false statements, combined with the content of the announcement issued by Huichen shares (*ST Huichen, 688500), it is judged that the claim conditions of this case are: the injured investors who sold or continued to own the ** Huichen shares during the period from July 13, 2020 (inclusive) to April 27, 2023 (inclusive), and sold or continued to own the ** after April 27, 2023.