Seven cases of false statement of Kelon the case was withdrawn by conciliation.

26th, known as "one of the five major securities rights of the national case," the false statement of the second trial of Kelon, seven appeals were withdrawn by conciliation.　　In 4 Guangdong deputies representatives witnessed, 7 cases of the two sides of the appeal case signed the relevant legal instruments, Kelon company to pay all the settlement amount of 121,100 yuan. June 15, 2006, the China Securities Regulatory Commission to Kelon company to make the decision on administrative punishment, found that its 2002 annual report on April 4, 2003, there are a number of false statements, to Kelon company fined 600,000 Yuan, the original chairman of Kelon company Gu Junjun and other executives and directors were given warning and fines respectively. Subsequently, the Guangzhou Court entertained 202 companies from all over the country, the company's stock investors sued, the amount of the lawsuit is up to more than 28 million yuan.　　During the first trial, Kelon company and most of the plaintiff reached a settlement, the first trial conciliation 141 cases, the case closed 15 cases, and 35 have completed or out-of-court settlement, only 11 cases into the second instance procedure. The Guangdong High Court seized the case April 15 this year. The collegial panel convenes three times respectively to mediate between the parties or unilateral to the court. In the two sides due to the large differences in the amount of compensation, mediation deadlock, the Guangdong High Court of the people of the two chambers actively organized kelon and 11 appellants of the ad litem consultations, the two sides gradually abandoned entangled in various points of contention, into the specific compensation ratio of the negotiations.　　On the premise of both sides making big concessions, finally, 7 appellant and Kelon company reached a settlement agreement. Wang Weiwen, a representative of Guangdong deputies from the financial system, said that the settlement was in line with the mainstream and direction of constructing a harmonious society, which would be a better inspiration and impetus for the perfection of the law of the securities market, and that the listed companies should disclose the relevant matters openly and fairly to the shareholders ' responsibility, Investors should rationally invest and deal with economic disputes through legal means will play a good role in demonstration.　　At the same time, she also hopes that the media will play a more impartial and transparent role in monitoring and guiding the healthy development of the economy and society.　　It is also understood that the Guangdong High Court composed of a powerful collegial panel to hear the false statement of the company's appeal case, the full court members are Peking University, the major doctoral, Master's degree, has a profound theoretical foundation and rich experience in commercial case trial. On the same day, the Guangdong High Court made a Hilling judgement on 4 other cases.