Multiple financial reports contained errors, WeWe Shares was ordered to make corrections, and rights protection collection has been initiated.

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（Source: Caixin News）

          If you bought shares of We Wei Co., Ltd. (维维股份) between April 30, 2022 and April 3, 2026 before the market close, and still held the shares as of the close on April 3, 2026, you can apply to join the rights protection and compensation claim.

We Wei Co., Ltd. (600300.SH) recently issued an announcement stating that on April 3, it received an “Administrative Regulatory Measures Decision” (Document No. 〔2026〕32) from the Jiangsu Office of the China Securities Regulatory Commission (hereinafter referred to as the “Jiangsu CSRC”), (hereinafter referred to as the “Decision”).

Upon investigation, from 2022 to 2024, We Wei Co., Ltd. applied inappropriate methods—gross amount method and net amount method—for revenue recognition of certain grain and oil trading business. This does not comply with Article 34 of the “Accounting Standards for Business Enterprises No. 14—Revenue,” resulting in inaccurate disclosure of operating revenue and operating costs in the company’s Q1 reports, half-year reports, and Q3 reports for 2022, 2023, and 2024. The relevant conduct violates Article 3, Paragraph 1 of the “Measures for the Administration of Information Disclosure by Listed Companies” (CSRC Order No. 182) (hereinafter referred to as the “Information Disclosure Measures”). The company’s chairman Ren Dong, general manager Zhao Hu qing, and chief financial officer Zhao Chang lei failed to perform their duties diligently and responsibly, violating the provisions of Article 4 of the “Information Disclosure Measures,” and bear primary responsibility for the above violations.

The Jiangsu CSRC has decided to take administrative regulatory measures requiring the company to make corrections, and to take administrative regulatory measures of issuing warning letters to Ren Dong, Zhao Hu qing, and Zhao Chang lei, and to record the matter in the integrity file for the securities and futures market.

Rights protection and compensation claim collection formally begins:

Pursuant to the Securities Law and the “Several Provisions of the Supreme People’s Court on the Trial of Civil Compensation Cases Arising from False Statements in the Securities Market,” if a listed company’s false statements cause investors’ rights and interests to be harmed, it shall bear civil liability for compensation.

Platform rights protection and compensation lawyers believe that the rights protection and compensation collection window for We Wei Co., Ltd. (600300.SH) is:

Users who bought the stock of We Wei Co., Ltd. between April 30, 2022 and April 3, 2026 before the market close, and still hold the shares as of the close on April 3, 2026, are eligible to apply for the rights protection and compensation claim.

Required fees: Full-risk attorney engagement; before investors are awarded compensation, the lawyer does not charge any fees to shareholders.

Required materials: During the application stage, you only need to register basic information. After your application passes the review, you will receive an SMS guiding you to connect with the lawyer. At that time, prepare the materials according to the lawyer’s instructions and mail them to the law firm’s address.

Materials include account statements, account proofs, power of attorney agreements, etc. All the above materials can be prepared in half a day, and all subsequent matters will be handled by the lawyer; you do not need to appear in person.

Rights protection and compensation claim application entry: Click to apply

For questions related to rights protection, please consult the rights protection guide: Click to view

Investors can search for “Rights Protection Platform” in the Tonghuashun app to find the application entry and participate in the rights protection and compensation claim.

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