Create Century receives warning letter for failing to disclose major litigation progress in a timely manner

Regulation
โดย 上海证券报·Read original
Summary · why it matters

Create Century has received a warning letter from the Guangdong Securities Regulatory Bureau for failing to disclose major litigation progress in a timely manner. The company's wholly-owned subsidiary, Shenzhen Create Century, was ordered by the Supreme People's Court in a second-instance ruling to jointly compensate Beijing Jingdiao Technology Group a total of 382 million yuan for patent infringement, but failed to fulfill the compensation obligation on schedule. After Beijing Jingdiao applied for compulsory enforcement, Shenzhen Create Century's bank accounts were frozen and funds were deducted. As of March 27, 2026, a cumulative total of 76.0079 million yuan had been deducted, yet Create Century delayed disclosing a temporary announcement until May 14, 2026. The Guangdong Securities Regulatory Bureau decided to take administrative regulatory measures by issuing warning letters to the company, its actual controller Xia Jun, and board secretary Wu Yongbing. The Shenzhen Stock Exchange also issued a regulatory letter. Create Century stated it will actively rectify the situation and disclosed that the subsidiary has filed a retrial application with the Supreme People's Court regarding the related technical secret dispute case, but there is significant uncertainty about subsequent developments.

Impact on stocks 1

Others▼ · 1 stocks

Off-coverage companies 2

深圳创世纪Private▼ Negative
Regulationrelevance

Shenzhen Create Century was ordered to compensate 382 million yuan for patent infringement, bank accounts frozen and funds deducted.

北京精雕科技集团有限公司 (Beijing Jingdiao Technology Group Co., Ltd.)Private▲ Positive
Regulationrelevance

Beijing Jingdiao Technology Group won patent infringement case, with subsidiary ordered to compensate 382 million yuan.

© 2026 MarketDXNews