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Reporter Yu Yimo

On March 17, 2025, Oriental Group (600811) announced that the company received the "Prior Notice of Administrative Punishment" from the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations.

Xu Yuehui, a lawyer at Guangdong Huanyu Jingmao Law Firm, said that according to the content of the notice, from 2020 to 2023, Oriental Group carried out long-term financing trade and idling circular trade of agricultural products through fictitious business chains, inflated operating income and costs, etc., resulting in false records in the company's annual reports from 2020 to 2023. This move may touch the mandatory delisting of major violations stipulated in the "Shanghai Stock Exchange Stock Listing Rules", and the company's shares face the risk of termination of listing.

The details of financial fraud were exposed, and billions of dollars of inflated revenue were punished by "top grid".

According to the CSRC, from 2020 to 2023, Oriental Group carried out long-term financing trade and idling circular trade of agricultural products through fictitious business chains, inflated operating income and costs, and inflated operating income and costs.

The China Securities Regulatory Commission (CSRC) determined that the above-mentioned acts of Oriental Group violated the relevant provisions of the Securities Law of the People's Republic of China and constituted an illegal act of information disclosure. Companies and those responsible will face severe administrative penalties, including fines and market bans. Among them, the China Securities Regulatory Commission intends to impose a fine of 10 million yuan on Oriental Group and Zhang Hongwei, the actual controller, respectively, and according to the relevant provisions of Article 197 of the Basic Rules for the Discretion of Administrative Penalties of the China Securities Regulatory Commission, 10 million yuan is the highest fine.

The stock is at risk of being terminated from listing, and investors have suffered heavy losses

Trading in Oriental Group's shares will be suspended from March 17, 2025, and trading will resume on March 18, 2025, with a delisting risk warning and the stock abbreviation changed to "*ST Oriental". According to the Shanghai Stock Exchange Stock Listing Rules, if the daily closing price of the company's shares is less than 1 yuan for 20 consecutive trading days, the company's shares will be terminated. As of March 14, 2025, the closing price of Oriental Group's shares is 0.92 yuan per share, which is lower than 1 yuan, and the risk of delisting has further increased.

In addition, due to the tightening liquidity of Oriental Group Finance Co., Ltd. (hereinafter referred to as "Oriental Finance Company"), the company and its subsidiaries were restricted from withdrawing large amounts of deposits in Oriental Finance Company. As of June 17, 2024, the balance of deposits of the Company and its subsidiaries in Oriental Finance Company was 1.640 billion yuan and the balance of loans was 666 million yuan. Although the controlling shareholder and the actual controller promised to support Orient Finance Company to resolve the liquidity problem by means of asset disposal, as of the disclosure date of the announcement, the relevant commitments have not been fulfilled.

The legal team provides legal support, preliminary claims, conditions and required information

According to lawyer Xu Yuehui's analysis, according to the Securities Law and the Several Provisions of the Supreme People's Court on the Trial of Civil Compensation Cases of False Statements in the Securities Market, investors have the right to file a lawsuit after the securities misrepresentation is revealed. According to the preliminary analysis, between April 30, 2021 and June 21, 2024, and on or after June 22, 2024, investors whose rights and interests are damaged by selling or holding Oriental Group (600811) shares can register their losses on the "Claim Tong" official account (suopeitong), or are expected to claim losses such as a certain degree of investment difference (the terms of the claim or whether the lawsuit is successful or not are ultimately subject to the court's determination).

The team of lawyers offers 106 stocks that may be claimable

During the 315 period, the lawyer team sorted out about 106 stocks of listed companies that may be claimable for the reference of the majority of investors, and if investors unfortunately "stepped on the thunder", they could recover part of the losses by filing a civil lawsuit.

1. The following stock claims have been won by investors in favor of the court or through mediation:

1. Guohua Cyber Security (000004) Claim: Net purchase from January 26, 2022 to April 27, 2022, or claimable.

2. *ST Bikang (Yan'an Bikang) (002411) claim: net purchase from October 29, 2021 to April 29, 2022, or claimable.

3. Jinjia shares (002191) claim case: net purchase from April 08, 2022 to April 14, 2022, or claimable.

4. Anne shares (002235) claim: net purchase from March 10, 2016 to October 13, 2020, or claimable.

5. Su Davig (300331) claim: net purchase on the afternoon of September 14, 2023, or claim.

6. Yitong Century (300310) claim: net purchase from April 03, 2018 to November 04, 2022, or claimable.

7. Simei Media (002712) claim: net purchase on the afternoon of November 27, 2023, or claims.

8. *ST Ningke (600165) claim: net purchase between November 22, 2022 and April 5, 2023, or claimable.

9. Molding Technology (000700) claim: net purchase from April 29, 2021 to November 23, 2022, or claimable.

10. SUNSEA Intelligent (002313) claim: net purchase from 2019-04-24 to 2022-04-29, or claimable.

11. Zhongnan Construction (000961) claim: net purchase from January 29, 2022 to April 25, 2022, or claimable.

12. ST Huatie (Huatie Shares) (000976) Claim: Net purchase from April 26, 2019 to April 28, 2023, or claimable.

2. The following stock claims are also being solicited for:

1. Jiangsu Sunshine (600220) claim: net selling from September 13, 2021 to January 3, 2022, or claimable.

2. Simei Media (002712) claim: some net purchases on or before June 24, 2024 may be claimable.

3. Hanbao shares (002104) claim case: net purchase from April 27, 2018 to September 2, 2022, or claimable.

4. ST Wanlin (603117) claim: net purchase from 2022-01-29 to 2022-04-28, or claimable.

5. Zhongnan Construction (000961) claim: net purchase from April 21, 2024 to April 24, 2024, or claimable.

6. Aerospace Propulsion (000343) Claim: Net purchase from March 30, 2017 to August 12, 2022, or claimable.

7. Hualian shares (000882) claim: net purchase from November 1, 2021 to April 18, 2022, or claim.

8. Jiangsu Sunshine (600220) claim case: net purchase from August 27, 2021 to May 30, 2022, or claimable.

9. United Strong (002383) claim: net purchase from 2018-03-28 to 2022-05-10, or claimable.

10. *ST Amethyst (Amethystum Storage) (688086) Claim: Still held at the close of trading on February 11, 2022, or claimable.

11. Ronglian Technology (002642) claim: net purchase from July 4, 2019 to January 30, 2023, or claimable.

12. Liyuan Technology (688565) claim: net purchase from August 25, 2021 to September 28, 2022, or claimable.

13. Aolian Electronics (300585) claim: net purchase from December 10, 2022 to 10:52 a.m. on February 21, 2023, or claim.

14. Xilong Science (002584) Claim: Net purchase from April 29, 2021 to May 07, 2023, or claimable.

15. East (300376) claim: net purchase from 2018-03-15 to 2023-05-11, or claimable.

16. *ST Red Phase (300427) and Red Phase Convertible Bond (123044) Claims: Net purchases from March 30, 2018 to April 28, 2023, may be claimable.

17. Roput (688619) claim: net purchase between 20.04.2021 and 17.05.2023, or claimable.

18. ST Dinglong (002502) claim: net purchase from April 30, 2022 to April 28, 2023, or claimable.

19. *ST Huichen (688500) claim: net purchase from July 13, 2020 to April 27, 2023, or claimable.

20. Yanhua Intelligent (002178) claim: net purchase from August 16, 2022 to June 02, 2023, or claimable.

21. Riseconda (603803) claim: net purchase between 2020.04.24 and 11.10.2022, or claimable.

22. Shanghai Phoenix (600679) and Phoenix B shares (900916) claims: net purchase from 2019.04.20 to 2023.06.13, or claimable.

23. Xinya Process (002388) claims: (1) net purchase from January 4, 2019 to December 26, 2022, or claimable; (2) Net buying between 2023-04-28 and 2024-01-10, or claimable.

24. Gree Real Estate (600185) Claim: Net purchase from April 30, 2019 to July 13, 2023, or claimable.

25. *ST Tianwo (002564) claim: net purchase from 2017.04.28 to 2023.04.27, or claimable.

26. Hezong Technology (300477) claim: part of the net purchase on or before December 3, 2023, or claimable.

27. Shouhang Hi-Tech (002665) Claim: Net purchase from April 28, 2018 to December 4, 2023, or claimable.

28. ST Meixun (600898) claim: net purchase between 2021.04.29 and 2023.04.28, or claimable.

29. *ST Sansheng (300282) claim: net purchase between December 23, 2020 and April 27, 2022, may be claimable.

30. ST Modern (002656) Claim: Net purchase from 2022.04.27 to 2023.06.29, or claimable.

31. Guolian shares (603613) claim: part of the net purchase on or before December 26, 2023, may be claimable.

32. Weichuang shares (002308) claim: net purchase from June 26, 2023 to December 22, 2023, or claimable.

33. Claims of Radio and Television Network (600831): Net purchase from April 21, 2023 to December 25, 2023, may be claimable.

34. Haofeng Technology (300419) claim: net purchase from April 26, 2021 to December 27, 2023, or claimable.

35. Guangyuyuan (600771) claim: net purchase from March 21, 2017 to December 28, 2023, or claimable.

36. Oriental Fashion (603377) claim: net purchase from April 30, 2022 to December 27, 2023, may be claimable.

37. Gengxing shares (600753) claim case: part of the net purchase on or before January 15, 2024, or can be claimed.

38. *ST Zuojiang (300799) claim: net purchase between 2023.04.28 and 2023.12.01, or claimable.

39. Guanhao Biotech (002308) claim: net purchase from May 24, 2022 to August 26, 2022, or claimable.

40. Tony Electronics (603595) Claim: Net purchase from June 20, 2023 to January 5, 2024, or claimable.

41. Haomei New Materials (002988) claim: net purchase from November 03, 2023 to November 14, 2023, or claimable.

42. ST Guiren (300555) claim: (1) net purchase between January 19, 2023 and April 26, 2023, may be claimable; (2) Net buying between 16/08/2021 and 19/01/2024, or claimable.

43. Chaohua Technology (002288) claim: net purchase from April 26, 2018 to February 28, 2024, or claimable.

44. Shanghai Yilian (600836) claim: net purchase from April 29, 2021 to February 27, 2024, or claimable.

45. Haoli Technology (002729) claim: some of them were net purchases on or before February 27, 2024, or may be claimable.

46. Dr. ST Peng (002748) claims: (1) net purchase from April 12, 2013 to July 17, 2023, or claimable; (2) net purchases between 2024-01-23 and 2024-04-15, or claimable; (3) net purchases between 31/01/2024 and 26/04/2024, or claimable; (4) Partial net purchases on or before November 18, 2024, may be claimable.

47. Shilong Industrial (002748) claim: net purchase from 2020-04-21 to 2023-05-29, or claimable.

48. Zolang Technology (600225) Claim: Net purchase from 2019.09.24 to 2024.03.14, or claimable.

49. *ST Jinyi (002721) Claim: Net purchase from April 30, 2021 to April 30, 2023, may be claimable.

50. Dingxin Communication (603421) Claim: Net purchase from March 1, 2024 to March 29, 2024, or claimable.

51. Hongbo shares (002229) claim: net purchase from January 11, 2024 to April 12, 2024, or claimable.

52. *ST Yinjiang (300020) claim: net purchase from 07/01/2022 to 29/04/2024, or claimable.

53. Luen Thai Environmental Protection (603797) Claim: Net purchase from 2022-08-27 to 2024-04-30, or claimable.

54. Yuanda Intelligence (002689) claim: some net purchases on or before April 30, 2024 may be claimable.

55. Tianrui Instrument (002165) claim: net purchase from April 26, 2022 to April 26, 2023, or claimable.

56. ST Changkang (002435) claim: part of the net purchase on or before April 29, 2024, may be claimable.

57. China Nuclear Titanium Dioxide (002145) Claim: Net purchase from February 24, 2023 to April 12, 2024, or claimable.

58. *ST Longyu (603003) claim: (1) net purchase between 2023-04-28 and 2024-04-29, or claimable; (2) Partial net purchases on or before December 16, 2024, may be claimable.

59. Zhiyun shares (002097) claim case: net purchase from April 28, 2023 to April 12, 2024, or claimable.

60. Caesars Culture (002425) Claim: Net purchase from 2022.04.27 to 2024.05.05, or claimable.

61. Tianyi Shangjia (688033) claim: net purchase from March 13, 2024 to March 14, 2024, or claimable.

62. ST Infineon (002528) claim: net purchase between April 30, 2020 and April 29, 2024, or claimable.

63. ST Yilianzhong (002096) claim: net purchase from June 14, 2018 to November 28, 2023, or claimable.

64. Opt (688686) claim: net purchase between December 14, 2020 and January 25, 2024, or claimable.

65. ST Huawei (600360) claim: net purchase from 2016-04-23 to 2024-04-29, or claimable.

66. Guandian Defense (688287) Claim: Net purchase from 2022-05-25 to 2024-04-29, or claimable.

67. ST Securities (002197) Claims: (1) Net purchase from April 15, 2021 to April 29, 2024, or claimable; (2) Net purchases between 2018.04.24 and 2024.05.29, or claimable.

68. ST Kelida (603828) claim: net purchase between January 31, 2024 and April 28, 2024, may be claimable.

69. Dow Technologies (300409) claim: net purchase from January 31, 2024 to April 19, 2024, or claimable.

70. ST iKang (002610) claim: net purchase from February 05, 2024 to April 29, 2024, or claimable.

71. ST Xulan (000040) claim: net purchase from January 1, 2018 to July 05, 2024, or claimable.

72. Jiayun Technology (300242) claim: net purchase from December 16, 2021 to April 27, 2022, or claimable.

73 Fudan Fuhua (600624) claims: Some net purchases on or before 05/08/2024 may be claimable.

74. Jinfu Technology (300128) Claim: Part of the net purchase on or before August 02, 2024, may be claimable.

75. SUNSEA Intelligent (002313) claim: part of the net purchase on or before August 02, 2024, or claimable.

76. Ren Zi Xing (300311) claim: (1) part of the net purchase on or before 09 August 2024, may be claimable; (2) Net purchases between 30.04.2020 and 27.04.2023, may be claimable.

77. Shenyang Chemical (000698) claim: part of the net purchase on or before August 09, 2024, or claimable.

78. Tongde Chemical (002360) claim: net purchase from September 4, 2023 to January 29, 2024, or claimable.

79. Juewei Food (603517) Claim: Some of them were net purchased on or before August 15, 2024, or they may be claimable.

80. ST Zhizhi (603869) Claim: Net purchase between 2020.04.25 and 2024.04.29, or claimable.

81. ST Yongyue (603879) claim: (1) net purchase from 28.08.2023 to 17.09.2023, or claimable; (2) Net purchases between 18.03.2022 and 11.10.2023, or claimable.

82. Guozhong Water (600187) claim: net purchase from April 12, 2019 to August 23, 2024, or claimable.

83. Claim case of NORD shares (600110): part of the net purchase on or before September 06, 2024, or can be claimed.

84. Huaming Intelligent (300462) Claim Case: Part of the net purchase on or before September 06, 2024, may be claimable.

85. Jia Linjie (002486) Claim: Part of the net purchase on or before 2024-09-06, or claimable.

86. Lianchuang shares (300343) claim case: part of the net purchase before September 13, 2024, or claimable.

87. Longyuan shares (300175) claim case: part of the net purchase before September 13, 2024, or claimable.

88. Xiangxue Pharmaceutical (300147) claim: part of the net purchase on or before September 30, 2024, may be claimable.

89. Xiangyuan Cultural Tourism (600576) Claim Case: Some of them were net purchases on or before October 18, 2024, or they may be claimable.

90. Ningbo Founder (300998) Claim: Part of the net purchase on or before October 25, 2024, may be claimable.

91. Nuotai Biotech (688076) claim: part of the net purchase on or before October 23, 2024, or can be claimed.

92. ST Bailing (002424) Claim: Part of the net purchase on or before November 08, 2024, may be claimable.

93. Yuanxing Energy (000683) claim: net purchase from January 20, 2022 to April 11, 2022, or claimable.

94. Jinghua Micro (688130) claim: part of the net purchase on or before November 15, 2024, or claimable.

95. Feikai Materials (300398) Claim: Net purchase from March 31, 2022 to March 18, 2024, or claimable.

96. Doushen Education (300010) claim: part of the net purchase on or before December 20, 2024, or claimable.

97. New Schindler (300518) claim: net purchase between January 1, 2023 and April 29, 2024, may be claimable.

98. Jianyi Group (002789) claim: part of the net purchase on or before December 23, 2024, may be claimable.

99. DEREN Electronics (002055) claim case: (1) net purchase from August 27, 2020 to December 29, 2023, or claimable; (2) Partial net purchases on or before December 26, 2024, may be claimable.

100. Weikang Pharmaceutical (300878) claim: part of the net purchase on or before December 29, 2024, may be claimable.

101. ST Xudian (000413) claim: net purchase from 2019-01-04 to 2024-07-05, or claimable.

102. Dahua Intelligent (002512) claim: net purchase from December 02, 2021 to December 31, 2024, or claimable.

103. ST Tiansheng (002872) Claim: Part of the net purchase on or before January 08, 2025, may be claimable.

104. Yunnei Power (000903) Claim: Part of the net purchase on or before January 10, 2025, or claimable.

105. Jiangsu Wuzhong (600200) claim: part of the net purchase on or before February 26, 2025, or claimable.

106. Oriental Group (600811) claim: net purchase from April 30, 2021 to June 21, 2024, or claimable.

In addition, investors should be reminded that if investors meet the above circumstances, they can register the loss through the "Claim Pass" official account, and those who meet the conditions after accounting for the loss can file a claim lawsuit with the court, and the investor is also requested to provide the following preliminary claim information: 1. A copy of the ID card; 2. Account information form or confirmation form; 3. Stock statement.