*ST Yunchuang has not yet received conclusive opinions on being investigated, or may still face compensation claims from damaged shareholders

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Ask AI · What are the conditions for damaged shareholders to claim compensation, and what is the success rate of rights protection?

Radar Finance Text | Feng Xiuyu Edited | Li Yihui

On March 19, *ST Yunchuang (920305) issued its fourth risk warning announcement regarding the possible delisting of the company’s stock and progress of the case investigation. The announcement shows that *ST Yunchuang faces risks of mandatory delisting due to financial issues and major illegal violations.

The financial risk stems from the 2024 annual report being issued with an unqualified opinion, leading to the company’s stock being subject to delisting risk warning starting May 6, 2025. If the company’s 2025 annual report meets the conditions specified in Article 10.3.9 of the Beijing Stock Exchange Listing Rules, it will face mandatory delisting.

The major illegal violation risk is due to the company’s suspected information disclosure violations being under investigation by the China Securities Regulatory Commission. If the investigation finds the company has committed major illegal acts, it will trigger mandatory delisting for major violations. Currently, the company has not received the investigation conclusion and has no plans for major asset restructuring.

It is worth noting that *ST Yunchuang may also face shareholder claims due to disclosure issues.

Song Lianmin, director of Jiangsu Shengheng Law Firm, which has handled numerous stock claims and compensation cases, told Radar Finance that if listed companies’ misconduct causes losses to investors, affected investors can claim compensation according to the law. Investors who bought *ST Yunchuang stock between the listing date and April 27, 2025, and still hold the stock at the close of trading on April 27, 2025, can register to participate in the claim. To register, follow the public account “Lei Zhu Ba” (Lei Zhu code: 99). There are no fees before receiving compensation.

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