Guangdong Huatie Tongda High-speed Rail Equipment Co., Ltd. ***ST Huatie, 000976) issued an announcement on receiving the "Prior Notice of Administrative Punishment and Market Prohibition" from the Guangdong Supervision Bureau of the China ** Supervision and Administration Commission. According to the facts of the parties' illegal acts, the China Securities Regulatory Commission gave warnings to Huatie and Xuan Ruiguo and fined them 8 million yuan respectively; Other responsible persons were also given warnings and fines ranging from 500,000 yuan to 3 million yuan.
According to the Notice, there are false records or major omissions in the regular reports of Huatie Co., Ltd. (ST Huatie, 000976) for four consecutive years, and as of December 31, 2022, the company's controlling shareholders and other related parties still have a balance of non-operating funds (including the total amount of principal and interest) of 133,785890,000 yuan. Since the company was placed under investigation, the injured investors have repeatedly submitted claims to the Guangzhou Intermediate People's Court.
According to the "** Law" and the latest judicial interpretation of misrepresentation, combined with the content of the announcement issued by Huatie Co., Ltd. (ST Huatie, 000976), it is preliminarily determined that the compensation conditions of this case are: damaged investors who sold or held Huatie shares (ST Huatie, 000976 000976) between April 25, 2018 and April 29, 2023 between April 25, 2018 and April 29, 2023.