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Recently, too many major impact cases have been represented.WishuponaleprechaunmegawaysZhang Xiangbing, a lawyer from Jiangsu Boaixing Law firm, specially reminded that Jiuzhitang (ST Jiuzhi (rights protection)) letter clothing violation was warned, damaged shareholders can claim.

On April 30, 2024, Jiuzhitang Co., Ltd. (hereinafter referred to as Jiuzhitang, St Jiuzhi) issued a notice on the decision on administrative supervision measures received by the company and related personnel, saying: "after investigation, Jiuzhitang Company has the following violations: 1, the use of non-corporate bank accounts to collect the margin of sales agency rights; 2, the non-operating occupation of funds of listed companies by the controlling shareholders. Hunan Securities Regulatory Bureau decided to take administrative supervision measures to issue warning letters to your company.

Lawyer Zhang Xiangbing believes that the Supreme people's Court's judicial interpretation stipulates that if an information disclosure obligor violates the provisions of laws, administrative regulations, rules and regulatory documents on information disclosure, and constitutes a false statement, the damaged investor may sue for the actual losses incurred in accordance with the law, including the investment difference loss, the commission of the investment difference loss and stamp duty. (lawyer Zhang Xiangbing column)

Because of the violation of information disclosure, Jiuzhitang was taken by Hunan Securities Regulatory Bureau to issue a warning letter of administrative supervision. According to the judicial interpretation, damaged shareholders can claim for compensation.

At present, lawyer Zhang Xiangbing is acting for St Jiuzhi damage investor claim litigation. The conditions of claim are as follows:

Impaired investors who bought St Jiuzhi shares between October 1, 2022 and April 24, 2024 and still held the shares at the close of trading on April 24, 2024 can sue for losses. (ST Jiuzhi rights protection entrance)

Investors who meet the claim requirements can contact the Zhang Xiangbing lawyer team of Jiangsu Boaixing Law firm, and provide the following documents: a copy of the ID card, a securities account inquiry confirmation form with the seal of the business department of the securities company, and the original stock transaction statement (since the first purchase of the stock), contact details.

Lawyer Zhang Xiangbing stated:

wishuponaleprechaunmegaways| Jiuzhitang (ST Jiuzhi) stock claim: Xinpai violations will be warned, and damaged shareholders can claim compensation

The final terms of claim shall be determined by the court.

Zhang Xiangbing, a lawyer for securities rights, graduated from Southwest University of political Science and Law with a master's degree in civil and commercial law. He is now a lawyer of Jiangsu Boaixing Law firm. He is good at acting for securities litigation and financial rights protection cases, and has many years of experience in investor rights protection litigation. He has successfully represented or is acting for hundreds of investor rights protection cases, and has represented a number of cases of great social impact and landmark significance. The case of investor v. Suoling shares (safeguarding rights) and Dong Jiangao was selected as one of the top ten typical cases of securities misrepresentation liability dispute of Shenzhen Intermediate people's Court, and the civil case of "Raw Oil Bao" of Bank of China was selected as the top ten commercial cases of national courts in 2020.