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Affected shareholders can register their claims against the company on the Sina Shareholder Rights Protection Platform.
On October 24, 2025, Baiyin Nonferrous Group Co., Ltd. and related parties received the "Administrative Penalty Decision" (No. 1 [2025]) issued by the Gansu Securities Regulatory Bureau.
Based on the facts, nature, circumstances, and degree of social harm of the parties' illegal activities, and in accordance with Article 197, Paragraph 2 of the Securities Law, the Gansu Securities Regulatory Bureau decided: 1. To order Baiyin Nonferrous to make corrections, issue a warning, and impose a fine of 4 million yuan; 2. To issue a warning to Wang Pugong and impose a fine of 1.5 million yuan; 3. To issue a warning to Wang Bin and impose a fine of 1 million yuan; 4. To issue a warning to Sun Long and impose a fine of 1 million yuan; 5. To issue a warning to Wu Guiyi and impose a fine of 800,000 yuan; 6. To issue a warning to Xu Dongyang and impose a fine of 500,000 yuan.
Lawyer Niu Bin from Shanghai Baiyue Law Firm stated that, according to the administrative penalty decision, Baiyin Nonferrous was penalized for significant omissions in information disclosure, and investors may be eligible for compensation. The preliminary eligibility period is: investors who purchased Baiyin Nonferrous stock between April 30, 2020, and September 10, 2025, and still held the stock at the market close on September 10, 2025, and incurred losses.
Preliminary claim scope: Investors who purchased the stock between April 30, 2020, and September 10, 2025, and still held it at the market close on September 10, 2025. (The final eligibility is subject to the court's ruling.)
Claim materials required: 1. The original transaction statement for trading Baiyin Nonferrous stock (601212). (1) The original statement must be stamped by the securities company's sales department. (2) The statement must cover all transaction records from the first purchase of Baiyin Nonferrous stock to the printing date; investors who still hold the stock must also show the total number of shares remaining. 2. A copy of the investor's ID card (front and back). 3. A securities account inquiry document issued by the securities company's sales department.
Lawyer Niu Bin's statement: The aforementioned pre-registration conditions are for reference only and do not involve any investment decisions or securities trading advice. The claim conditions will be further adjusted based on the CSRC's penalty decision and the court's determination, with the final eligibility subject to the court's effective judgment.
(This article is contributed by Lawyer Niu Bin from Shanghai Baiyue Law Firm and does not represent the stance of Sina Finance. Lawyer Niu Bin has been practicing for 24 years, specializing in securities litigation, financial rights protection cases, investment and financing review and dispute cases, with many years of experience in investor rights protection litigation. He has successfully represented or is currently representing hundreds of investor rights protection cases.)
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