Investors who suffered losses can register their claims on the Sina Investor Rights Protection platform: http://wq.finance.sina.com.cn/

Xu Feng, a securities claim lawyer from Shanghai Jiucheng Law Firm, indicated that investor compensation cases arising from the false statements of Enc Digital Technology Co.,Ltd. (603869) have resulted in first-instance victories for some investors. Investors who meet the eligibility criteria are advised to seize the opportunity to file claims.

Previously, on the evening of December 27, 2024, Enc Digital Technology Co.,Ltd. announced receiving the "Administrative Penalty Decision" from the China Securities Regulatory Commission (CSRC). The investigation found that the company's 2019, 2020, and 2021 Annual Reports contained false records.

From 2019 to 2021, when Enc Digital Technology Co.,Ltd. and 18 other companies, including Bokang Intelligent Information Technology Co., Ltd., conducted system integration and product sales businesses, they recognized revenue despite some project contracts not being actually executed and products not being genuinely delivered and transferred. The related sales payments were also not authentic. These actions resulted in false records of operating revenue and total profit data in the company's 2019, 2020, and 2021 Annual Reports.

Lawyer Xu Feng believes that, based on the preliminary investor victories, investors who purchased Enc Digital Technology Co.,Ltd. stock between April 25, 2020, and April 30, 2024, and sold or continued to hold the stock after April 30, 2024, can still initiate claims.

Apart from the successful claims against Enc Digital Technology Co.,Ltd., the lawyer also noted that investor claims against Yantai Yuancheng Gold Co.,Ltd. (600766) have previously achieved a first-instance victory.

The investor claim case against Yantai Yuancheng Gold Co.,Ltd. represented by Lawyer Xu Feng has been heard at the Qingdao Intermediate People's Court, and the legal team continues to accept claims from other investors.

On November 5, 2024, Yantai Yuancheng Gold Co.,Ltd. announced receiving the "Administrative Penalty Decision" from the CSRC Shandong Bureau. The investigation found that the company committed the following violations:

First, Yantai Yuancheng Gold Co.,Ltd.'s 2021 Semi-Annual Report and 2021 Annual Report contained false records. Specifically, the 2021 Semi-Annual Report inflated operating revenue by 36.689 million yuan and operating costs by 36.689 million yuan, accounting for 37.48% and 39.38% of the disclosed figures for the period, respectively. The 2021 Annual Report inflated operating revenue by 64.9518 million yuan and operating costs by 64.9518 million yuan, accounting for 28.86% and 29.73% of the disclosed figures for the period, respectively.

Second, Yantai Yuancheng Gold Co.,Ltd.'s 2021 Annual Report contained false records, inflating total profit by 521,000 yuan, which accounted for 15.27% of the disclosed profit total for the period.

Xu Feng, the lead lawyer at Shanghai Jiucheng Law Firm, which specializes in stock compensation legal affairs, believes that investors who purchased Yantai Yuancheng Gold Co.,Ltd. stock between August 27, 2021, and April 23, 2024, and sold or continued to hold the stock after April 23, 2024, can still initiate claims.