Suzhou Yangzijiang New Materials Co., Ltd. 002652) issued the "Announcement on the Correction of Accounting Errors in the Previous Period" on December 13, 2023. According to the announcement, the company's operating income in 2020 was reduced by 137,102,10167 yuan, reducing operating costs by 137,102,10167 yuan.
On November 7, 2023, Yangzi New Materials (002652) received the Administrative Penalty Decision ([2023] No. 75) issued by the China ** Regulatory Commission, which determined that there were material omissions and false records in the company's previous annual reports. Based on the decision, the company corrected the important accounting errors in the previous period involved in the decision by retrospective restatement method in accordance with the relevant provisions of the Accounting Standards for Business Enterprises No. 28 - Accounting Policies, Changes in Accounting Estimates and Correction of Errors, and the Correction and Related Disclosure of Financial Information of Companies Offering to the Public to the Public No. 19 of the China Securities Regulatory Commission, and made retrospective adjustments to the company's operating income and operating costs in 2020.
According to the Civil Code, the Law and the judicial interpretation of the Supreme People's Court on civil compensation for false statements, Yangzi New Materials (002652) was punished for misrepresentation, and the injured investors can claim compensation in accordance with the law. Based on the current situation, the conditions for the claim in this case are preliminarily judged to be: the injured investors who purchased Yangzi New Materials (002652)** between April 29, 2019 and December 29, 2022, and continued to own Yangzi New Materials** after December 29, 2022**.