Securities code: 002592 securities abbreviation: Nanning Baling Technology Co.Ltd(002592) Announcement No.: 2022-011 Nanning Baling Technology Co.Ltd(002592)
With regard to the announcement of receiving the administrative reconsideration decision of China Securities Regulatory Commission, the company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions.
Nanning Baling Technology Co.Ltd(002592) (hereinafter referred to as “the company”) received the administrative punishment decision ([2021] No. 3) from Guangxi regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as “Guangxi securities regulatory bureau”) on September 2, 2021, Guangxi Securities Regulatory Bureau believes that the company failed to disclose the external guarantee and major related party transactions provided by its subsidiaries in the 2019 annual report and the first quarter report of 2020, and imposed administrative penalties on the company and relevant parties. For details, see the company’s disclosure in China Securities News, securities daily and securities times on September 3, 2021 Shanghai Securities News and cninfo (www.cn. Info. Com. CN.) Announcement on receiving the decision on administrative punishment (Announcement No.: 2021-095).
The company and some of the parties concerned applied to China Securities Regulatory Commission (hereinafter referred to as “CSRC”) for administrative reconsideration in accordance with the law because they did not accept the administrative punishment imposed by Guangxi securities regulatory bureau, and recently received the decision of administrative reconsideration ([2022] No. 15) from CSRC. The decision of administrative reconsideration is as follows:
In accordance with Item 1, paragraph 1, Article 28 of the administrative reconsideration law, the Council decided to maintain the administrative punishment imposed on the applicant by the respondent’s decision on administrative punishment ([2021] No. 3).
If the applicant refuses to accept the reconsideration decision, he may bring a lawsuit to the people’s court with jurisdiction within 15 days from the date of receiving the reconsideration decision.
It is hereby announced.
Nanning Baling Technology Co.Ltd(002592) board of directors February 10, 2022
