According to a report by the mainland "Securities Times", regarding the cases of Jin Tong Ling Technology Group (300091.SZ) and Meishang Ecology concerning false representation liability disputes being handled under the ordinary representative lawsuit process by the Nanjing Intermediate People's Court and Shenzhen Intermediate People's Court respectively, the Investor Service Center stated on December 20 that it is closely monitoring the litigation progress of the Meishang Ecology case and Jin Tong Ling case. It will legally accept special authorization from more than 50 investors to apply for participation in the lawsuit and convert to a special representative lawsuit procedure. A responsible person from the relevant department of the China Securities Regulatory Commission pointed out that the Commission supports advancing the special representative lawsuit work for these two cases in accordance with the law and will continue to cooperate with relevant parties to intensify the all-around accountability for illegal criminal activities in the securities sector, supporting more investors to take legal actions, including civil lawsuits, to pursue civil damages from violators.
A responsible person from the relevant department of the China Securities Regulatory Commission stated that the illegal securities activities of Jin Tong Ling and Meishang Ecology related to false representation seriously disrupt the order of the securities market and harm the legal rights and interests of a large number of investors. The Commission has carried out administrative penalties in accordance with the law.
According to the relevant provisions of the Securities Law and other related regulations, the affected investors have the right to file civil lawsuits against Jin Tong Ling, Meishang Ecology, and relevant responsible persons in accordance with the law to recover losses. The relevant people's courts accept investors' lawsuits in accordance with the law and apply the ordinary representative lawsuit process for handling, which is a strong protection of investors' rights and interests, and is supported by the China Securities Regulatory Commission.