Background: Xinxingjia Group, headquartered in Tieling City, Liaoning Province, is a fan tower manufacturer. On July 13, 2010, Xinxing Group by the New York international group landed on OTCBB, and on December 15, 2010 successfully converted to NASDAQ market.
In 2010, Liaoning Xinxingjia bellows Manufacturing Co., Ltd. was listed on NASDAQ. At that time, there were more than 160 Chinese companies listed on Nasdaq. In the second half of 2010 alone, the NASDAQ exchange delisted more than 500 listed companies around the world, including more than 110 Chinese listed companies such as Xinxing Jiabo Tube.

Legal business, no false declaration of the behavior of the enterprise was delisted without warning, so that the new beauty felt unfair: this behavior seriously violated the rights and interests of the enterprise, the credibility of the enterprise, and the exchange on the delisting of the matter for many times. In response to a complaint about a delisting by a private company in Liaoning, the Nasdaq exchange responded with 10 reasons, all directed at the consulting firm that handled the listing process, none of which were related to the company. Therefore, Xinxingjia believes that the unreasonable delisting of the exchange is an illegal act derived from its subjective awareness of serious discrimination against Chinese enterprises. Chairwoman Lu Bei said: "We must uphold the national honor and corporate reputation in accordance with the law, resolutely investigate this matter to the bottom of the matter."

At the end of November 2011, the new beauty, with the confidence of the facts and the law, filed a lawsuit against the Nasdaq exchange in federal court in New York. Earlier, in accordance with Nasdaq regulations, Xinxing Jia went through two rounds of appeals.

The cross-border lawsuit of Chinese private enterprises against the prestigious NASDAQ Stock Exchange has attracted wide attention at home and abroad. Many experts and scholars in the industry publicly expressed their views that "it is difficult to win the lawsuit" and "there will be no result". Meanwhile, many senior lawyers are generally not optimistic about the lawsuit, believing that it is futile.

To the comfort of the new beauty is that at the end of December 2011, the New York court found that the exchange discriminated against the New beauty, and the delisting was invalid. However, the court's decision was ultimately set aside as outside its jurisdiction. For this result, the emerging beauty insisted on litigation to the United States Securities and Exchange Commission, continue to advance the process of rights protection according to legal procedures. Xinxing Jia's persistence has gradually won the understanding and support of the society, and the truth has gradually emerged in front of people.

On July 11, 2013, the emerging bellows received a reply from the US Securities Regulatory Bureau: the enterprise won the lawsuit! The SEC ruled that none of the ten reasons for the delisting were valid and gave Nasdaq time to resume trading. So far, a multinational lawsuit affecting the nerve of Chinese and listed enterprises at home and abroad has been successful. Xinxing Jia's victory proved that the so-called authority can be challenged, justice is not absent; The victory of the new beauty, bring the new beauty pride and sense of achievement at the same time, but also for Chinese enterprises won the dignity.

It was the first company in the world to win a lawsuit against the Nasdaq exchange. In the same period, only Xinxing won a global lawsuit against Nasdaq for delisting. Nasdaq lost for the first time in its 42-year history; This is the only successful enterprise in China and the only one in the world.
After winning the lawsuit, Ms. Lv Bei, chairman of Xinxing Jiabo Textile Tube, collected the relevant materials. She said that the victory for the enterprise and for the people belongs to yesterday; Tomorrow, the emerging beauty manufacturing power, industry to serve the country, shoulder the world's dream has a long way to go.