Former director fined 99.8034 million yuan, shareholders sue and receive compensation for all losses, Shenzhen Intermediate People's Court reveals.

Recently, the Intermediate People's Court of Shenzhen released the "2025 Annual Typical Cases of Financial Trials". Among them, in the case of individual Lin suing individual Yi for manipulating the stock of Sanfu Outdoors, causing losses, a third-party calculation determined that Lin was compensated 157,169.56 yuan. Former Weibo celebrity and former director of Sanfu Outdoors, Yi Wei, was fined 99.8034 million yuan for manipulating the securities market and illegal recommendation of stocks, attracting a lot of attention in the capital market. The Shenzhen Intermediate Court believes that this case has made valuable exploration in the judgment rules of liability disputes in manipulating securities trading markets, providing rule guidance and judgment samples for protecting the legitimate rights and interests of investors, multidimensional crackdown on manipulating securities market behavior, maintaining the order of the capital market, and ensuring the high-quality development of the capital market.