Legal Claim Against Baiyin Nonferrous Filed in Court Following Regulatory Sanctions

Deep News04-01

Baiyin Nonferrous Group Co.,Ltd. is currently facing unresolved issues related to past violations of information disclosure regulations. On September 11, 2025, the company announced that it had received a formal investigation notice from the China Securities Regulatory Commission (CSRC) regarding suspected breaches of information disclosure rules.

The issue stems from the company's purchase of 3 billion yuan in wealth management products between August 2017 and March 2018. These products failed to be recovered on schedule in 2019, with principal and related returns only being retrieved 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 provide specific details as required by relevant regulations, resulting in significant omissions in the annual reports.

The Gansu branch of the CSRC imposed penalties on Baiyin Nonferrous and relevant responsible individuals.

Investors who suffered losses are now pursuing compensation claims. Liu Peng, a lawyer from Shanghai Huzi Law Firm, stated that the company's false陈述行为 has already triggered claims. Based on the regulatory penalty, investors are eligible to participate if they purchased shares between April 30, 2020, and September 10, 2025 (inclusive), and sold them after September 11, 2025, or continued to hold them and incurred losses.

It is important to note that any investor who conducted transactions during the specified period and suffered losses is eligible to participate in the claim, regardless of subsequent stock price fluctuations.

Eligible investors can submit copies of their ID cards, securities account information, and trading records. After the legal team reviews and confirms the scope of investment losses, the formal claim process will be initiated. The legal team will calculate the specific loss amount based on trading details and file a lawsuit on behalf of the investors. Multiple investors have already submitted their materials, and related claims are currently being filed with the court.

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