Weihuang Group Investor Compensation Case Wins First Instance Trial, Only 9 Months Remaining for Statute of Limitations

What are the implications of AI claim victory cases for the rights protection of delisted companies?

The investor claim case involving the delisted Weichuang Co., Ltd. (now “Weichuang 3”, former code 002308) has made new progress. After some investors won the first-instance judgment at the Guangzhou Intermediate People’s Court in February 2026, Liu Peng’s team from Shanghai Huzhi Law Firm, which代理该案件, recently revealed that the court has officially accepted a new round of investor claim filings. It is worth noting that the statute of limitations for this case will expire on December 22, 2026. Damaged investors should not miss the final opportunity to file claims.

Looking back at the case, on June 20, 2025, Weichuang Co., Ltd. received an “Administrative Penalty Decision” issued by the Guangdong Securities Regulatory Bureau. It was found that the company’s and related responsible persons’ violations mainly included: failure to disclose the 2023 and 2024 annual reports within the statutory deadline; failure to disclose changes in actual controllers, non-operational related-party funds occupation, and non-operational related-party fund transactions with the company in a timely manner as required.

Based on these issues, the Guangdong Securities Regulatory Bureau imposed a fine of 8 million yuan on Weichuang Co., Ltd., and imposed lifelong securities market bans on the actual controller Lu Keping; a 10-year securities market ban on then-chairman Lu Yu; and fines of varying amounts on other responsible persons.

Although Weichuang Co., Ltd. has been delisted, “delisting does not exempt from liability,” and investors’ rights to claim are not affected.

According to the first-instance judgment, Liu Peng from Shanghai Huzhi Law Firm stated that investors who bought Weichuang shares between June 19, 2023, and December 22, 2023, and still held the shares at the close of December 22, 2023, have the opportunity to file a claim against the company. Investors meeting these conditions can register through the official account “大众证券报” (feature code: 11). The final claim eligibility will be determined by the court.

Liu Peng advises investors who meet the above claim conditions to act quickly to participate in the claims process and not miss the last chance to recover losses.