The Regulation Places of work of Frank R. Cruz Reminds Buyers of Class Actions on Behalf of Shareholders

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The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, June 26, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm reminds investors that class action suits have been filed on behalf of the shareholders of the following listed companies. Investors have until the deadlines listed below to file a petition from the main plaintiff.

Investors who experience losses on their investments are asked to contact Frank R. Cruz's law firm at 310-914-5007 or by email at fcruz@frankcruzlaw.com to exercise their legal rights in these class actions to discuss.

Hebron Technology Co., Ltd. (NASDAQ: HEBT)
Class time: April 24, 2020 – June 3, 2020
Major Claimant Deadline: August 10, 2020

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the defendants did not disclose to investors: (1) that many of Hebron's acquisitions, including Beijing Hengpu and Nami Holding (Cayman) Co., Ltd., concerned undisclosed related parties; (2) the Company's disclosure controls regarding related party transactions were ineffective; and (3) that, as a result of the foregoing, the defendant's positive statements regarding the business, operations, and prospects of the company were materially misleading and / or had no reasonable basis.

Kandi Technologies Group, Inc. (NASDAQ: KNDI)
Teaching period: June 10, 2015 – March 13, 2017
Major Claimant Deadline: August 10, 2020

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the defendants did not inform investors: (1) that certain areas in the company's previously published annual financial statements had to be adjusted for the fiscal years ended December 31, 2015 and 2014 and for the first three quarters of the fiscal year ended December 31, 2016; (2) that the company again lacked effective control over financial reporting; and (3) that the defendant's statements about the business, operations and prospects of the company were consequently materially false and misleading and / or had no reasonable basis at all relevant times.

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You do not need to take any action at this time to be a member of these class actions. You can keep a lawyer of your choice or take no action and remain an absent member of the class action lawsuit. If you would like to learn more about these class action lawsuits, or if you have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the law firms of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, email info@frankcruzlaw.com or visit our website at www.frankcruzlaw.com. If you inquire by email, please provide your mailing address, telephone number and number of shares purchased.

In some countries, this press release may be considered a lawyer’s advertisement in accordance with applicable laws and ethical rules.

contacts

Frank R. Cruz's law firms, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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