Securities Code: 002592
Securities Abbreviation: ST Baling
Announcement No.: 2026-048
Nanning Baling Technology Co., Ltd.
Announcement on the Progress of Matters Related to the Company's Stock Being Subject to Other Risk Warnings
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Overview of the Irregular Guarantee Matter
From October 2019 to January 2020, Wang Anxiang, the then person in charge of Hainan Hongrun Tianyuan Gene Biotechnology Co., Ltd. (hereinafter referred to as "Hainan Hongtian"), a former second-level holding subsidiary of Nanning Baling Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company"), without following the Company's internal deliberation procedures, arbitrarily provided an illegal pledge guarantee in the name of Hainan Hongtian for three fixed-term deposits totaling RMB 466 million. This ultimately led to the full transfer of funds under the aforementioned deposits. Due to this irregular guarantee matter, the Company's stock was subjected to other risk warnings (ST) starting from July 2, 2020.
II. Litigation Progress and Recovery Situation
Regarding the fund losses caused by the aforementioned irregular guarantee, Hainan Hongtian has legally initiated litigation and recovery procedures. The progress of each case is as follows: