Investor Claims for Derun Electronics Accepted; Urgent Deadline Nears for Participation

Deep News
Aug 11

Affected shareholders can register for the company's claims on the Sina Stockholder Rights Protection Platform at: http://wq.finance.sina.com.cn/. Search for the platform via Sina Securities, WeChat, Baidu, or the Sina Finance app.

The case handled by the team of lawyer Liu Peng from Shanghai Luzi Law Firm has officially entered the trial process. Investors should be aware that the statute of limitations for this case will expire on December 30, 2026, leaving only about 4 months. Eligible investors are advised to join as soon as possible.

The lawsuit stems from a penalty order. The Shenzhen Securities Regulatory Bureau has issued an "Administrative Penalty Decision." From 2020 to 2022, due to difficulties in collecting payments from major clients, the company's actual controller used personal funds and external borrowings to provide financial support to clients, suppliers, and other entities. These entities then transferred funds back to the company under the guise of "repaying historical debts." This operation fabricated a total of over 534 million yuan in repayments, causing the company to underreport credit impairment losses in multiple periods' financial reports.

These actions resulted in false records in the annual reports for 2020 and 2021, as well as the semi-annual report for 2022, disclosed by Derun Electronics. The Shenzhen Securities Regulatory Bureau imposed a fine of 7 million yuan on ST Derun (for rights protection), a fine of 12 million yuan on the actual controller, and a 5-year market ban. Investors who purchased shares between August 27, 2020, and December 30, 2023, and sold them after December 31, 2023, or still hold them at a loss, are eligible to register for claims. (Derun Electronics rights protection portal)

It was not until April 29, 2024, that Derun Electronics issued an "Announcement on Correction of Previous Accounting Errors and Retrospective Adjustment," stating that the company would treat the repayment of receivables ultimately originating from the actual controller as a shareholder donation. This approach was said to more objectively and fairly reflect the transaction's purpose and commercial substance, leading to the correction and retrospective adjustment of previous accounting errors.

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