Ba Yi Iron & Steel, controlling shareholder probed by CSRC

Xinjiang Ba Yi Iron & Steel Co., Ltd. announced on November 8, 2025, that its controlling shareholder, Xinjiang Ba Yi Iron & Steel Group Co., Ltd., received a "Notice of Case Filing" from the China Securities Regulatory Commission (CSRC) on November 7, 2025. The case is due to alleged violations of information disclosure regulations.

In a separate but related announcement on November 8, 2025, Ba Yi Iron & Steel also disclosed that it received its own "Notice of Case Filing" from the CSRC for alleged information disclosure violations. The company has pledged to adhere strictly to regulatory requirements.

Despite the ongoing investigations, Ba Yi Iron & Steel confirmed that its daily production and operations remain normal, and its directors, supervisors, and senior management are performing their duties as usual. The company does not anticipate a significant impact on its operations. Investors are advised to exercise caution due to the inherent risks.