ST Bai Li: Received the "Administrative Penalty Pre-notification Letter" issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission.

ST Bailei Announcement, the company and actual controller Wang Hairong have been suspected of illegal information disclosure, and have received a "Notice of Administrative Penalty Prior to Decision" issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission. During the period from June 2022 to September 2023, the company signed contracts with seven suppliers and paid a total of 192 million yuan in advance payments for equipment procurement. The actual controller Wang Hairong used the advance payments to repay personal debts or lend to third parties, involving a total of 192 million yuan in fund misappropriation. The company's 2022 annual report, 2023 interim report, and 2023 annual report have significant omissions. The China Securities Regulatory Commission intends to order the company to correct its actions, issue a warning, and impose a fine of 4 million yuan; issue a warning to Wang Hairong and impose a fine of 6 million yuan; issue a warning to Wang Wei and impose a fine of 800,000 yuan; issue a warning to Yu Lanjian and impose a fine of 500,000 yuan. Wang Hairong will also be subject to a 3-year ban from the securities market.