CSI Investment Service Center: Jintongling Special Representative Litigation Majority of plaintiffs should receive compensation; the investor plaintiffs have completed full payment.
On February 13th, the China Securities Investment Fund Center issued an announcement regarding the payment of compensation for the special representative litigation of Jintongling. As the plaintiff’s representative, the center filed a claim of 774,785,993.38 yuan with the management of Jintongling Company based on the civil judgment (2024) Su 01 Minchu 2864 issued by Nanjing Intermediate People’s Court, which was fully confirmed. On February 2, 2026, the first creditors’ meeting of Jintongling approved the draft reorganization plan of Jintongling Technology Group Co., Ltd. On February 3rd, Nantong Intermediate People’s Court approved the reorganization plan, and the claims from the special representative litigation were classified as ordinary claims, with amounts of 250,000 yuan or less fully paid in cash, and amounts exceeding 250,000 yuan paid according to the ratio of (2 yuan in cash + 5.54 shares) / 100 yuan of ordinary claims + 1 trust beneficiary right / 1 yuan of remaining claims.
On the same day, Jintongling transferred the cash compensation to the securities accounts of the investors who are entitled to compensation from the special representative litigation. After this cash payment, the majority of the entitled investors have received full compensation, and the remaining stocks and trust beneficiary rights are temporarily held by the management. If subsequent defendants are judged and actually fulfill their cash payment obligations, any shortfall will be compensated with corresponding stocks and trust beneficiary rights.
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CSI Investment Service Center: Jintongling Special Representative Litigation Majority of plaintiffs should receive compensation; the investor plaintiffs have completed full payment.
On February 13th, the China Securities Investment Fund Center issued an announcement regarding the payment of compensation for the special representative litigation of Jintongling. As the plaintiff’s representative, the center filed a claim of 774,785,993.38 yuan with the management of Jintongling Company based on the civil judgment (2024) Su 01 Minchu 2864 issued by Nanjing Intermediate People’s Court, which was fully confirmed. On February 2, 2026, the first creditors’ meeting of Jintongling approved the draft reorganization plan of Jintongling Technology Group Co., Ltd. On February 3rd, Nantong Intermediate People’s Court approved the reorganization plan, and the claims from the special representative litigation were classified as ordinary claims, with amounts of 250,000 yuan or less fully paid in cash, and amounts exceeding 250,000 yuan paid according to the ratio of (2 yuan in cash + 5.54 shares) / 100 yuan of ordinary claims + 1 trust beneficiary right / 1 yuan of remaining claims.
On the same day, Jintongling transferred the cash compensation to the securities accounts of the investors who are entitled to compensation from the special representative litigation. After this cash payment, the majority of the entitled investors have received full compensation, and the remaining stocks and trust beneficiary rights are temporarily held by the management. If subsequent defendants are judged and actually fulfill their cash payment obligations, any shortfall will be compensated with corresponding stocks and trust beneficiary rights.