ST Bailong was proposed to be punished by the CSRC for suspected letter phi violations, and the shareholders claimed to entrust the pre-registration channel

　 ST Bailong announced on October 29 that it received the "Advance Notice of Administrative Penalties and Market Entry Prohibition" from the China Securities Regulatory Commission on October 28. The company's suspected violation of laws and regulations on information disclosure has been investigated, and Chen Weixiong, then chairman of the company, and Chen Nana, then vice chairman of the board, were banned from the market for life because of the particularly serious circumstances of the illegal acts, and the two were fined 5 million yuan respectively.

According to the facts, nature, circumstances and degree of social harm of the parties' illegal acts, and in accordance with the provisions of the second paragraph of article 197 of the Securities Law, it is proposed to decide: 1. Order Bai Baolong to make corrections, give a warning, and impose a fine of 10 million yuan; 2. Give a warning to Chen Weixiong and Chen Nana, and impose a fine of 5 million yuan each; 3. Give a warning to Wang Qi and impose a fine of 3 million yuan; 4. Give a warning to Lin Xiaoru and impose a fine of 2 million yuan; 5. Give a warning to Jiang Weirong. He was also fined 1.5 million yuan; 6. Huang Lifei was given a warning and fined 1 million yuan; 7. Pei Jiwei and Li Yijiang were given a warning and fined 500,000 yuan.

　　Tips from the cooperative lawyers of the share network platform: Shareholders who meet the following conditions can search for "share network" online through the Mini Program to register the intention to entrust the claim. Conditions: Buy Bo Baolong shares before March 18, 2021 and sell or hold the shares after March 18, 2021. (After the CSRC issues administrative penalties, it is also necessary to make specific adjustments to the claim period according to the content of the administrative penalties, and the effective judgment of the court shall prevail in the end).

　　ST Bailong said that the company and related parties intend to make statements, defenses and hearings to the CSRC on matters related to the Administrative Penalties and Market Prohibition Prior Notice. At present, the company's operation is normal, the company will continue to pay attention to the progress of the above matters, and in strict accordance with the provisions and requirements of relevant laws and regulations, timely performance of information disclosure obligations.