Investors who suffered losses can register their claims against the company on SINA Corp's investor rights protection platform: http://wq.finance.sina.com.cn/

On November 13, 2025, lawyer Chen Yuxia from Yingke Law Firm (Hangzhou) submitted a batch of lawsuit materials to the court regarding securities misrepresentation claims against ST KOP (000851).

These cases stem from KOP's nine consecutive years of financial fraud and fraudulent securities issuance during its 2020 private placement. Previously, KOP received a "Prior Notice of Administrative Penalty" from the China Securities Regulatory Commission (CSRC) for these violations. The CSRC proposed ordering corrective actions, issuing a warning, and imposing a hefty fine of 135 million yuan. Responsible individuals faced fines ranging from 750,000 to 7 million yuan, with two individuals banned from the market for 10 years and two others for 5 years.

According to relevant laws and regulations, listed companies must compensate investors for losses caused by securities misrepresentation.

Currently, KOP has been delisted from the Shenzhen Stock Exchange as of November 11, 2025, after its stock price remained below 1 yuan for 20 consecutive trading days, triggering termination conditions under Article 9.2.1 of the "Stock Listing Rules (2025 Revision)." Delisting does not affect investors' rights to claim compensation.

Lawyer Chen Yuxia reminds investors that those who purchased KOP shares between March 22, 2016, and April 29, 2024, and held or sold them at a loss after April 30, 2024, are eligible to claim compensation. (ST KOP claims portal)

The above claim conditions represent only the views of Lawyer Chen Yuxia and should not be considered as investment advice. Final eligibility will be determined by the court. (Chen Yuxia's legal column)

Investors participating in the claim need to prepare the following materials: 1. Stock transaction statements (if ID numbers are incomplete, include shareholder information records; statements should cover the period from first purchase to final sale or the statement printing date). 2. Copy of ID card.

Legal fees: For cases handled by lawyers, they typically operate on a contingency basis—no upfront fees are charged. Fees are paid as a percentage of the compensation awarded only if the case is successful.

(This article is contributed by Lawyer Chen Yuxia of Yingke Law Firm (Hangzhou) and does not represent the views of SINA Finance. Chen Yuxia has successfully represented investors in securities misrepresentation cases against numerous listed companies including Chaohua Technology, Shenglida, Sanfangxiang, EGing Photovoltaic, Tianxiang Environment, Xiangyuan Culture, Zhongbing Hongjian, Zhangzidao, Changyuan Group, Suoling, Zhongrun Resources, Yan'an Bikang, Dadongnan, and Lianjian Optoelectronics.)