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I. Severe Punishment for Financial Fraud According to the preliminary administrative penalty notice disclosed by regulators, behind the figures of nearly 64.585 billion yuan in falsified revenue and a massive 1.7 billion yuan fine lies the investment losses suffered by over 100,000 investors misled by false information. On March 28, 2025, the Hebei Securities Regulatory Bureau issued a preliminary administrative penalty notice against Dongxu Optoelectronic (delisted) and its controlling shareholder, Dongxu Group, for securities law violations. The penalties directly target three core issues: fraudulent issuance, systematic financial fraud, and large-scale fund embezzlement. Regulatory investigations confirmed that Dongxu Group inflated its revenue by a staggering 47.825 billion yuan between 2015 and 2019. Specifically, Dongxu Optoelectronic illegally raised 7.565 billion yuan in 2017 through deceptive means, while Dongxu Group illegally raised 3.5 billion yuan in corporate bonds in 2018. Even more staggering is the scale of the financial fraud. From 2015 to 2019, Dongxu Group cumulatively inflated revenue by 47.825 billion yuan and profits by 13.001 billion yuan; Dongxu Optoelectronic cumulatively inflated revenue by 16.76 billion yuan and profits by 5.627 billion yuan.

II. Affected Investors Can Still File Claims Although Dongxu Optoelectronic has been delisted, investors can still file for compensation in accordance with the law. Article 85 of the Securities Law of the People's Republic of China stipulates that information disclosure obligors who provide false information leading to investor losses shall bear compensation liability. The China Securities Regulatory Commission has clearly identified the illegal activities of Dongxu Optoelectronic, providing a solid basis for investor claims. Investors who purchased shares between February 15, 2016, and July 5, 2024 (inclusive), and sold them after September 7, 2024, or still hold them at a loss, are eligible to register for claims. The statute of limitations for this case has not yet expired, allowing for continued participation in the rights protection process. Financial fraud has long been a persistent problem in the capital markets, severely damaging investor interests and undermining market fairness and transparency. Eligible investors can claim compensation for investment differential losses, commission and stamp duty losses, and corresponding interest. (This article is contributed by Lawyer Liu Peng of Shanghai Huzi Law Firm and does not represent the views of Sina Finance. Lawyer Liu Peng, specializing in securities rights protection for 19 years, has successfully represented small and medium investors in claims against over 300 listed companies since commencing practice in 2006, with over 14,000 active cases and a success rate of 99.2%. As a seasoned securities rights protection lawyer, Liu Peng accurately grasps case essentials, possesses extensive litigation experience, and employs efficient claim strategies to secure maximum benefits for investors, leading the industry in rights protection capability. Choosing the right lawyer is key for securities rights protection! Professionalism determines the odds, experience ensures outcomes; choose Lawyer Liu Peng first for more secure and efficient claims!)