ST Baling: Announcement on the progress of other matters related to the implementation of other risk warnings on the company's stocks
Securities code: 002592 Securities abbreviation: ST Baling Announcement number: 2026-055
Nanning Baling Technology Co., Ltd.
Announcement on the progress of matters related to the implementation of other risk warnings on the company's stocks
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and contains no false records, misleading statements or major omissions.
1. Overview of illegal guarantee matters
From October 2019 to January 2020, Wang Anxiang, the then head of Hainan Hongrun Tianyuan Gene Biotechnology Co., Ltd. (hereinafter referred to as "Hainan Hongtian"), the former secondary holding subsidiary of Nanning Baling Technology Co., Ltd. (hereinafter referred to as the "Company"), without performing the company's internal review and decision-making procedures, without authorization, used the name of Hainan Hongtian to transfer a total of 4.66 Three time deposit certificates worth 100 million yuan were illegally provided as pledge guarantees, which ultimately led to the full amount of the funds under these deposit certificates being deducted. Affected by the aforementioned illegal guarantee matters, the company's stock has been subject to other risk warnings (ST) since July 2, 2020.
2. Litigation progress and recovery status
In response to the financial losses caused by the above-mentioned illegal guarantees, Hainan Hongtian has carried out litigation and recovery work in an orderly manner. The specific progress of each case is as follows:
(1) Hainan Hongtian v. Chongqing Branch of Guangfa Bank Co., Ltd. 170 million yuan pledge contract dispute case
The case was finalized and effective by the Chongqing Higher People's Court, and the execution was concluded and the case closed on December 24, 2025. Hainan Hongtian has recovered a total of 103 million yuan in the amount involved.
(2) Hainan Hongtian v. Guangzhou Bank Co., Ltd. Zhujiang Branch (hereinafter referred to as "Guangzhou Bank Zhujiang Branch") 146 million yuan deposit certificate pledge contract dispute case
The case was retried by the Supreme People's Court, which upheld the second-instance judgment of the Guangdong Higher People's Court (hereinafter referred to as the "Guangdong High Court"), determined that the "Deposit Certificate Pledge Contract" involved in the case was invalid, and ordered the Zhujiang Branch of the Bank of Guangzhou to return 73 million yuan to Hainan Hongtian and pay corresponding fund occupation fees. Hainan Hongtian has applied to the court for compulsory execution, but as of the disclosure date of this announcement, it has not received any payment. There is uncertainty in the final recoverable amount and the time of payment in this case.
(3) Hainan Hongtian v. Guangzhou Bank Zhujiang Branch 150 million yuan deposit certificate pledge contract dispute case
In May 2025, the Guangzhou Intermediate People's Court made a first-instance ruling that the case was not an economic dispute but suspected of economic crime. According to the judicial principle of "prison before the people", it ruled to reject the prosecution of Hainan Hongtian. Hainan Hongtian was dissatisfied with the first-instance ruling and appealed to the Guangdong High Court. At the end of July 2026, the Guangdong High Court made a second-instance ruling, rejecting the appeal and upholding the original ruling. Hainan Hongtian disagrees with the ruling and has sent retrial application materials to the Supreme People's Court.
This case and the 146 million yuan deposit certificate pledge contract dispute case are similar cases with the same basic facts and legal relationships but different amounts. The 146 million yuan deposit certificate pledge contract dispute case has been finalized by the Supreme People's Court, and the pledge contract was invalid. And according to Hainan Hongtian, the criminal case of Guangzhou Bank Zhujiang Branch being defrauded of bill acceptance is currently under trial in the court. Hainan Hongtian has not received any notice from any unit about Hainan Hongtian’s alleged economic crimes, nor has it received any accusations of economic crimes.
3. Risk warning
As of the disclosure date of this announcement, due to the remaining issues related to Hainan Hongtian's illegal guarantees that have not yet been resolved, the company's stocks have not yet met the conditions for canceling other risk warnings.
The company solemnly reminds investors: "Securities Times", "Securities Daily", "China Securities News", "Shanghai Securities News" and Juchao Information Network (www.cninfo.com.cn) are the company's designated information disclosure media. All major information of the company shall be subject to official announcements published in the above designated media. Investors are kindly requested to make prudent judgments, invest rationally, and pay attention to preventing investment risks.
Announcement is hereby made.
Nanning Baling Technology Co., Ltd.
board of directors
September 1, 2026