On December 31, the Nanjing Intermediate Court filed a lawsuit against the special representative in the Jin Tongling Securities Misrepresentation Liability Dispute brought by the China Securities Submission Service Center, which first ruled that the listed company should pay compensation of more than 770 million yuan to more than 43,000 investors; the lawsuit against 25 defendants other than Jin Tongling, including current directors, supervisors, and intermediaries, for civil liability continued, and prepared separate adjudication documents. The judgment in this case is another concrete practice by the securities regulatory authorities and judicial authorities to implement the requirements of the new “National Article 9”, increase the application of special representative lawsuits, strictly crack down on illegal securities activities in accordance with the law, and deter illegal acts such as financial fraud.

On December 31, the Nanjing Intermediate Court filed a lawsuit against the special representative in the Jin Tongling Securities Misrepresentation Liability Dispute brought by the China Securities Submission Service Center, which first ruled that the listed company should pay compensation of more than 770 million yuan to more than 43,000 investors; the lawsuit against 25 defendants other than Jin Tongling, including current directors, supervisors, and intermediaries, for civil liability continued, and prepared separate adjudication documents. The judgment in this case is another concrete practice by the securities regulatory authorities and judicial authorities to implement the requirements of the new “National Article 9”, increase the application of special representative lawsuits, strictly crack down on illegal securities activities in accordance with the law, and deter illegal acts such as financial fraud.