Investors who have suffered losses may register their claims through relevant platforms. Legal counsel specializing in securities litigation has indicated that investor compensation cases against Zuojiang Technology (300799), stemming from alleged misrepresentation, are progressing, with some successful precedents already established.

According to Zuojiang Technology's 2025 annual report, a Shanghai-based company filed a lawsuit against the company in August 2024 over securities misrepresentation liability disputes. In December 2025, the Beijing Financial Court issued a first-instance judgment, ordering Zuojiang Technology to pay compensation of 7,714,249.37 yuan. The company has appealed the ruling. During the litigation process, equity interests in some of the company's subsidiaries were judicially frozen. As of the audit report date, the second instance of this case had not been accepted for filing.

In June 2025, Zuojiang Technology received litigation materials from an investor, Mr. Tang, filed with the Beijing Financial Court. Mr. Tang sought compensation for investment losses totaling 14,492,309.84 yuan, also citing securities misrepresentation liability. The case went to trial in October 2025. A loss assessment commissioned by the court estimated the plaintiff's investment losses at approximately 1,130,116.02 yuan. During these proceedings, equity in some subsidiaries was again judicially frozen. As of the audit report date, a first-instance judgment had not been rendered in this case.

On February 5, 2025, the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC) issued an "Administrative Penalty Decision" against Zuojiang Technology and related parties. The company contested this penalty and applied for administrative reconsideration with the CSRC on February 10, 2025. The reconsideration authority upheld the original penalty. Subsequently, Zuojiang Technology filed an administrative lawsuit with the Beijing Xicheng District People's Court regarding the penalty. The case was heard on September 9, 2025, and the first-instance court ruled against the company. Zuojiang Technology has appealed this decision to a higher court. As of the audit report date, the second-instance proceedings were ongoing, with no final judgment issued.

This information indicates that there are already precedents where investors have successfully won claims against Zuojiang Technology.

Legal cases representing investors seeking compensation from Zuojiang Technology have been filed multiple times and are currently awaiting further arrangements from the court. The legal team continues to advance the filing of subsequent cases and is accepting mandates from other affected investors.

On February 11, 2025, Zuojiang Technology announced it had received the aforementioned "Administrative Penalty Decision" from the CSRC's Beijing Bureau. The investigation found the following illegal facts:

In December 2022, Zuojiang Technology's controlling subsidiary, Chengdu Beizhong Wangxin Technology Co., Ltd., signed a chip sales contract with Beijing Haotian Xuhui Technology Co., Ltd. The contract involved selling 400 network data processing chips to Haotian Xuhui for 12.61 million yuan, which were then resold in their entirety to Beijing Juxian Technology Trade Company for 13 million yuan. The investigation revealed that these business activities were organized by Guo Tianyi, the son-in-law of Zuojiang Technology's Chairman Zhang Jun and a company investor relations specialist. The funds used by Juxian Technology to purchase the chips were primarily arranged and provided by Guo Tianyi, and control over the chips did not actually transfer to Juxian Technology. In January 2023, Chengdu Beizhong Wangxin recognized revenue from this chip business.

Through this fabricated business, Zuojiang Technology falsely increased its operating revenue and profit. This led to the company's disclosed Q1 2023, half-year, and Q3 2023 reports all overstating operating revenue by 11,159,300 yuan and profit by 10,710,200 yuan. The overstated revenue accounted for 77.33%, 48.50%, and 33.09% of the operating revenue disclosed in the respective reports, while the overstated profit accounted for 29.36%, 13.66%, and 8.24% of the total profit disclosed. Consequently, Zuojiang Technology's Q1 2023, half-year, and Q3 2023 reports contained false records.

Legal counsel specializing in stock compensation claims suggests that investors who purchased Zuojiang Technology shares between April 28, 2023, and December 2, 2023, and sold or continued to hold those shares after December 2, 2023, may still initiate claims.