BL(SZ:002592) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-01 23:13Summary of Key Points Core Viewpoint - The company, Nanning Bailing Technology Co., Ltd., is facing legal challenges due to unauthorized guarantees made by its former subsidiary, Hainan Hongrun Tianyuan Gene Biotechnology Co., Ltd., resulting in significant financial losses and ongoing litigation [1][2]. Group 1: Overview of Violations - Unauthorized guarantees were made by the former legal representative of Hainan Hongrun, totaling 146 million, 150 million, and 170 million yuan, leading to the loss of 466 million yuan in deposits [1]. - The company's stock has been under special risk warning (ST) since July 2, 2020, due to these violations [1]. Group 2: Legal Actions and Progress - Hainan Hongrun has filed lawsuits against Guangzhou Bank and GF Securities for the recovery of funds related to the unauthorized guarantees [1][2]. - In the case against Guangzhou Bank for the 146 million yuan deposit, the Guangdong High Court ruled in favor of Hainan Hongrun, ordering the bank to return 73 million yuan and pay for the use of funds, but both parties have appealed to the Supreme Court [1][2]. - The case against GF Securities for the 170 million yuan deposit resulted in a ruling for Hainan Hongrun to receive 85 million yuan, but the funds have not yet been recovered [2]. Group 3: Current Status and Future Actions - As of the announcement date, Hainan Hongrun has not recovered any funds from the lawsuits, and the uncertainty regarding future recoveries remains [2]. - The company will continue to monitor the situation and fulfill its information disclosure obligations as required by law [3].