Zijing Storage faces huge compensation lawsuit

Recently, Zijing Storage released an announcement, saying that it had received lawsuits from multiple intermediary institutions, demanding it to pay 1.086 billion yuan in compensation. Currently, Zijing Storage is involved in multiple lawsuits, with a total amount of 963 million yuan. Zijing Storage was punished and delisted by the China Securities Regulatory Commission for fraudulent issuance and information disclosure violations.