Guizhou Bailing announced that the company and related personnel received the “Advance Notice of Administrative Penalty” from the Guizhou Securities Regulatory Bureau, and that the 2019, 2020, 2021, and 2023 annual reports disclosed by the company were false. According to the Shenzhen Stock Exchange stock listing rules, the company's stock will be subject to other risk warnings. The stock abbreviation was changed from “Guizhou Bailing” to “ST Bailing”. The stock code remains unchanged and remains “002424,” with a 5% limit on the stock trading day. Trading of the company's shares was suspended for one day from the opening of the market on December 22, 2025, and resumed trading on December 23, 2025.

Guizhou Bailing announced that the company and related personnel received the “Advance Notice of Administrative Penalty” from the Guizhou Securities Regulatory Bureau, and that the 2019, 2020, 2021, and 2023 annual reports disclosed by the company were false. According to the Shenzhen Stock Exchange stock listing rules, the company's stock will be subject to other risk warnings. The stock abbreviation was changed from “Guizhou Bailing” to “ST Bailing”. The stock code remains unchanged and remains “002424,” with a 5% limit on the stock trading day. Trading of the company's shares was suspended for one day from the opening of the market on December 22, 2025, and resumed trading on December 23, 2025.