The Digital Science and Technology was placed under investigation and received a warning letter; rights protection and collection efforts have begun.

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（Source: Caowen）

          Users can buy Digital Power Technology (600850.SH) from December 17, 2025, to before the market close on January 12, 2026, and hold the stock until the close on January 12, 2026, to register for rights protection and claims.            

Digital Power Technology (600850.SH) recently announced that the company received a “Notice of Filing” from the China Securities Regulatory Commission (CSRC) (No.: Zhengjian Filing Zi 0032026003). Due to suspected violations of information disclosure laws and regulations, according to the Securities Law of the People’s Republic of China, the Administrative Penalty Law of the People’s Republic of China, and other laws and regulations, the CSRC has decided to file a case against the company.

On the same day, Digital Power Technology announced that it received a decision letter from the Shanghai Securities Regulatory Bureau (Shang Securities Supervision Decision [2026] 101) (hereinafter referred to as the “Warning Letter”).

The “Warning Letter” shows that Digital Power Technology, in two investor relations activity records from December 17 to December 31, 2025, and in three information releases on the Shanghai Stock Exchange E-Interaction platform, stated that “in the satellite internet field, Bai Fei Electronics mainly provides three types of products: satellite high-performance computing, AI intelligent computing, and radio frequency transmission,” and “in the satellite internet field, Bai Fei Electronics has successfully built a fully domestically produced solution.” The voluntary disclosures in the company’s investor relations activities were inaccurate, incomplete, and contained misleading statements, omitted risk warnings, etc., violating the provisions of the “Administrative Measures for Information Disclosure by Listed Companies” (CSRC Order No. 226 ) Article 1, Paragraph 3, and Article 1, Paragraph 5. According to Article 53, Item 3 of the “Administrative Measures for Information Disclosure by Listed Companies” (CSRC Order No. 226), the Shanghai Securities Regulatory Bureau decided to impose an administrative regulatory measure of issuing a warning letter to Digital Power Technology. Hou Zhiping, then the company’s Secretary of the Board and Deputy General Manager, is responsible for the company’s disclosure of the above information.

Previously, Digital Power Technology had been under regulatory scrutiny for “riding the hot topic.” In January this year, the Shanghai Stock Exchange issued regulatory warnings to Digital Power Technology and Hou Zhiping.

Rights protection and claims collection officially begin:

According to the Securities Law and the “Provisions of the Supreme People’s Court on Several Issues Concerning the Trial of Civil Compensation Cases Arising from False Statements in the Securities Market,” listed companies that cause investor rights and interests to suffer damage due to false statements shall bear civil compensation liability.

Platform rights protection lawyers believe that the rights protection collection period for Digital Power Technology (600850.SH) is:

Users can buy the stock from December 17, 2025, to before the market close on January 12, 2026, and hold it until the close on January 12, 2026, to register for rights protection and claims.

Required fee: Full-risk agency by lawyers; lawyers will not charge any fees from investors before compensation is received.

Required materials: During registration, you only need to provide basic information. After passing the review, you will receive an SMS guiding you to connect with a lawyer. Please prepare the materials according to the lawyer’s instructions and mail them to the law firm address.

Materials include account statements, account proof, power of attorney, etc. These materials can be prepared in half a day, and subsequent matters will be handled by the lawyer, so you do not need to appear in person.

Rights protection registration portal: Click to register

For questions about rights protection, see the rights protection guide: Click to view

Investors can search for “Rights Protection Platform” on the Tonghuashun APP to find the registration portal and participate in claims.

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