Another wave of Buddha according to the false statement increased by 519 claimants

FSL announced that in March 16, 2015 the company received legal documents sent to the Guangzhou City Intermediate People's court, Guangzhou City Intermediate People's court accepted the plaintiff has filed 519 people for Securities Misrepresentation liability disputes on the grounds of the company filed a civil lawsuit.

FSL on March 7, 2013 disclosed on the receipt of the China Securities Regulatory Commission, Guangdong Securities Regulatory Bureau administrative penalty notice, the Guangdong Securities Regulatory Bureau on the company's information disclosure violations of administrative penalties. Since then, FSL investors have received a two-year claim to FSL. In this batch of 519 investors before the claim, FSL had already filed a number of investors filed a lawsuit claims, including the first prosecution of 929 investors in the first instance verdict was awarded $59 million 310 thousand.

According to the latest announcement, the number of new 519 defenders in Securities Misrepresentation liability dispute on the grounds that the proceedings were to the Guangzhou City Intermediate People's court, asked FSL to the illegal information disclosure shall bear civil liability for compensation. The above 519 cases of claims amount of RMB 70 million 576 thousand and 400 yuan and HK $699 thousand and 400, of which the number of companies and part of the company directors, executives of the amount of RMB 2 million 458 thousand and 600 yuan. FSL announcement said that the current case has entered the proceedings, but did not start trial. Because the case has not yet started the trial, is still unable to determine the impact of the proceedings of the announcement of the company's current profit or profit after the period.

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