八一钢铁：公司、控股股东及相关当事人收到行政处罚事先告知书

Core Viewpoint - The announcement reveals that Bayi Steel and its controlling shareholder, Xinjiang Bayi Steel Group, are facing administrative penalties from the China Securities Regulatory Commission for failing to disclose significant related-party transactions in their annual reports for 2022, 2023, and 2024 [1] Group 1: Related-Party Transactions - In 2022, Bayi Steel received a total of 3,675.12 million yuan from Bayi Group and transferred 3,642.04 million yuan to Bayi Group [1] - In 2023, the company received 2,809.68 million yuan and transferred 2,770.87 million yuan to Bayi Group [1] - In 2024, the amounts were 2,514.40 million yuan received and 2,534.82 million yuan transferred to Bayi Group [1] Group 2: Penalties and Warnings - Bayi Steel is ordered to correct its disclosures, receive a warning, and pay a fine of 3 million yuan [1] - Bayi Group is also ordered to correct its disclosures, receive a warning, and pay a fine of 4 million yuan [1] - Individual penalties include 3.5 million yuan for Wu Bin, 1.5 million yuan for his role at Bayi Steel, and 2 million yuan for his role at Bayi Group, along with fines for other responsible personnel [1]