Investors who have suffered losses are being advised to register their claims through available legal channels to protect their rights.
The legal team at Shanghai Huzi Law Firm, led by Attorney Liu Peng, has recently filed a case on behalf of 23 investors with the court for adjudication. This claim wave stems from a six-year-long information disclosure violation case involving Baiyin Nonferrous Group Co.,Ltd. (SHSE: 601212).
According to the penalty notice, the eligibility criteria for the claim are as follows: investors who purchased shares between April 30, 2020, and September 10, 2025 (inclusive), and subsequently sold or still held the shares after September 11, 2025, and incurred losses, are eligible to participate.
It is important to note that any trading activity within the specified period that resulted in a loss qualifies for the claim, regardless of the stock's subsequent price movements.
Looking back at the case, the issue originated from the company's purchase of 3 billion yuan in wealth management products between August 2017 and March 2018. These financial products failed to be recovered on schedule in 2019, with the principal and related returns only being recovered in December 2024.
Although the company disclosed the opening and closing balances of these wealth management products in its annual reports from 2019 to 2024, it failed to disclose specific details in accordance with relevant regulations, resulting in significant omissions in the annual reports.
In response to this violation, the Gansu Securities Regulatory Bureau formally issued an "Administrative Penalty Decision" on October 24, 2025. The bureau ordered Baiyin Nonferrous Group Co.,Ltd. (SHSE: 601212) to make corrections, issued a warning, and imposed a fine of 4 million yuan. Simultaneously, fines ranging from 500,000 to 1.5 million yuan were imposed on several relevant responsible persons, including the then-chairman, bringing the total penalty amount for the entire case to 8.8 million yuan.
The Gansu Securities Regulatory Bureau has imposed penalties on Baiyin Nonferrous Group Co.,Ltd. (SHSE: 601212) and the relevant responsible individuals. Eligible investors who have suffered losses are urged to promptly safeguard their rights through legal avenues to avoid losing the opportunity to claim compensation due to the expiration of the statute of limitations. The final eligibility criteria and compensation amounts will be determined by the court's effective judgment.
Comments