BLEST(SH:603959) Xin Lang Cai Jing·2026-01-05 01:27Core Viewpoint - Baili Technology has been penalized by the Hunan Securities Regulatory Commission for failing to disclose non-operating fund occupation matters, which constitutes a violation of the Securities Law [1][3][4] Group 1: Violations and Penalties - Baili Technology did not disclose non-operating fund occupation totaling 191.91 million yuan from June 2022 to September 2023, which was used for equipment procurement but redirected for personal debt repayment by the actual controller Wang Hairong [1][3] - The company failed to disclose this information in its 2022 annual report, 2023 semi-annual report, and 2023 annual report, leading to significant omissions and violations of the Securities Law [2][4] Group 2: Legal Implications for Investors - Investors who purchased Baili Technology stock between September 14, 2022, and April 30, 2024, and sold or held the stock after April 30, 2024, may initiate claims for compensation due to these violations [2][4]