On February 23, 2024 603555, Guirenniao Co., Ltd. issued the "Announcement on the Company and the Actual Controller Receiving the Notice of Case Filing from the China ** Supervision and Administration Commission". According to the announcement, the China Securities Regulatory Commission decided to file a case against the company and Mr. Li Zhihua in accordance with the law, on the grounds that it was suspected of violating laws and regulations in information disclosure.
On the same day, Guirenniao (ST Guiren, 603555) also issued the "Second Risk Warning Announcement on the Possible Termination of the Company's Listing". The daily price of the company has been lower than 1 yuan for 10 consecutive trading days, and if the final transaction situation is 20 consecutive trading days, the company may be terminated by the Shanghai Stock Exchange.
According to the ** Law and the latest judicial interpretation of misrepresentation, the injured investors of the Guirenniao (ST Guiren, 603555) can file a lawsuit for compensation in accordance with the law. Based on the current situation, it is preliminarily judged that the conditions for the claim in this case are: the injured investors who sold or continued to hold the Guiren Bird (st Guiren, 603555 603555) before February 23, 2024 before February 23, 2024. Even if the listing of Guirenniao (ST Guiren, 603555)** is terminated eventually, the claims of the injured investors will not have much impact.
On January 23, 2024, Guirenniao (ST Guiren, 603555) received the "Decision on Administrative Supervision Measures" issued by the Fujian Supervision Bureau of the China ** Supervision and Administration Commission. It was found that the company failed to timely disclose related party transactions with four companies indirectly controlled by Li Zhihua, the actual controller, chairman and general manager of the company. The China Securities Regulatory Bureau has decided to order your company to make corrections and issue a warning letter, and record it in the market integrity file database.