Tianyuan Co., Ltd. is under investigation, and the previous announcement may be subject to delisting risk warning; rights protection and solicitation have been initiated.

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(Source: Caowen)

          Tianye Shares’ 2024 annual report has been issued with a negative opinion.            

Tianye Shares (920023.BJ) recently announced that on April 3, the company and Chairman Yao JiuZhi received from the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) the “Notice of Filing” (CSRC Filing Letter No. 0272026001, CSRC Filing Letter No. 0272026002). As the company is suspected of violating laws and regulations such as information disclosure, the CSRC has decided to file cases against the company and Yao JiuZhi in accordance with laws and regulations including the Securities Law of the People’s Republic of China and the Administrative Penalty Law of the People’s Republic of China.

Previously, Tianye Shares announced that, because ZTE CPA (Special General Partnership) issued an audit report with a negative opinion on the company’s internal control over financial reporting as of December 31, 2024 in accordance with the “Chinese Certified Public Accountants Auditing Standards” and other regulations and standards, it triggered item (6) of Article 10.4.2 of the “Beijing Stock Exchange Stock Listing Rules,” namely: “the risk warning announcement that stocks may be subject to delisting risk warning shall be disclosed immediately” in the situation where “the audit report on internal control over financial reporting for the first accounting year is issued with a disclaimer of opinion or a negative opinion, or the internal control audit report on the financial reporting is not disclosed as required.” As a result, the company’s stock may be subject to a delisting risk warning by the Beijing Stock Exchange.

The pre-collection of rights protection and compensation claims has officially started:

Pursuant to the Securities Law and the Supreme People’s Court’s provisions on civil compensation cases arising from false statements in the securities market, listed companies that cause investors’ rights and interests to be harmed due to false statements shall bear civil compensation liability.

Platform rights protection lawyers believe that the rights protection pre-collection window for Tianye Shares 920023 is:

Users can apply for rights protection and compensation if they buy shares before the close of trading on April 3, 2026 after the listing, and still hold the shares at the close of trading on April 3, 2026.

Required fee: Full-risk lawyer agency; investors will not be charged any fees by the lawyer before they receive compensation.

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

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

Rights protection and compensation claim registration entrance: Click to register

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

Investors can search for “Rights Protection Platform” in the Tonghuashun APP to find the registration entrance and participate in rights protection and compensation.

Compensation-related inquiries

Customer service hotline: 952555

Working hours: 9:00-11:30 13:00-17:30

『Zhejiang Legal System News’ Investment Caowen Media has joined hands with well-known lawyers in the industry to build a professional rights protection platform, providing diversified services such as finance, securities, and law for the majority of small and medium investors. Tonghuashun provides technical support, customer service, and more to the platform.』

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