ST Panda Faces Regulatory Investigation, Affected Investors Eligible for Compensation Claims

Deep News
Dec 30, 2025

Affected investors can register their claims against the company on the Sina Investor Rights Protection Platform: http://wq.finance.sina.com.cn/ On the evening of December 29, 2025, Panda Gold Control Group Co., Ltd. (Stock Code: 600599, Stock Abbreviation: ST Panda) announced a "Notice Regarding Receiving an Investigation Notice from the China Securities Regulatory Commission." Due to the company's suspected violations of information disclosure laws and regulations, and in accordance with the "Securities Law of the People's Republic of China," the "Administrative Penalty Law of the People's Republic of China," and other relevant laws and regulations, the China Securities Regulatory Commission (CSRC) has decided to initiate an investigation into the company. Li Jian, a lawyer from Zhejiang Yufeng Law Firm, who has previously successfully represented investors in winning cases and obtaining compensation from over 130 listed companies, stated that based on the investigation announcement, ST Panda is suspected of securities misrepresentation, and affected investors can legally claim compensation. It is noteworthy that on April 28, 2025, ST Panda released its "Corrected Announcement on 2024 Annual Performance Forecast." According to the Supreme People's Court's judicial interpretation on misrepresentation, if listed companies and other entities cause losses to investors' rights and interests due to securities misrepresentation, investors can file lawsuits to claim compensation, which may include investment differential losses, commission losses, and stamp duty losses. "The judicial interpretation has eliminated the pre-condition procedure; investors can also file lawsuits for compensation based on preliminary evidence such as the investigation announcement," Lawyer Li Jian stated. According to the judicial interpretation, it is tentatively determined that investors who purchased ST Panda shares between December 2, 2024, and April 27, 2025, and still held the shares at the market close on April 27, 2025, and have suffered losses, are eligible to claim compensation. The specific claim conditions will be further adjusted based on the conclusions of the CSRC's investigation, with the final determination subject to the court's decision. Investors seeking compensation need to provide a securities account information inquiry statement, a stock transaction statement (from December 1, 2024, to the present), contact information, and other relevant documents.

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