Investors who have suffered losses can register their claims through the relevant platform. On March 26, 2026, a lawyer from a Shanghai law firm submitted another batch of investor compensation claims against Ylz Information Technology Co.,Ltd. (300096) to the Xiamen Intermediate People's Court. This case has been filed with the court on multiple occasions and is currently awaiting the court's next steps. The process of filing subsequent cases is also ongoing, and the law firm continues to accept new mandates from other affected investors.
On the evening of May 8, 2024, Ylz Information Technology announced that it had received a formal investigation notice from the China Securities Regulatory Commission (CSRC). The CSRC decided to investigate the company due to suspected violations of information disclosure regulations, including alleged failures to properly disclose guarantees provided for related parties.
Earlier, on the evening of November 28, 2023, the company disclosed the existence of irregular guarantees, irregular loans, and related major litigation and arbitration matters. Through self-inspection, the company discovered that it had provided unauthorized guarantees for its then-controlling shareholder and chairman, Mr. Zhang Xi, and his affiliates without undergoing any internal control approval processes or obtaining approval from the board of directors or shareholders' meetings. Additionally, Mr. Zhang Xi had entered into irregular loan agreements in the company's name. The company stated that these actions were undertaken by Mr. Zhang Xi personally without proper corporate authorization. There were no records of the company approving these guarantees or loans, no copies of the relevant agreements were found in company records, and company accounts did not receive the corresponding loan funds.
Legal counsel specializing in securities litigation has expressed the opinion that, based on the aforementioned violations and in accordance with securities laws, investors who purchased Ylz Information Technology Co.,Ltd. stock between June 14, 2018, and November 29, 2023, and who sold or continued to hold the stock after November 29, 2023, may be eligible to file for compensation.