ST Bailing (now renamed Guizhou Bailing) announced on June 26 that the Shenzhen Stock Exchange has approved its application to revoke the Other Risk Warning designation. Effective June 30, the company's stock abbreviation officially transitioned from "ST Bailing" to "Guizhou Bailing." This removal of the ST status follows the company's previous designation, which stemmed from its auditor issuing an adverse opinion on its 2023 internal control audit report. The successful delisting signals the resolution of internal control deficiencies and indicates potential for stabilized operations moving forward.

Despite this positive development, regulatory scrutiny continues. On November 8, 2024, the company received a formal investigation notice from the China Securities Regulatory Commission (CSRC) regarding suspected disclosure violations. This probe has triggered investor compensation claims, with multiple cases already filed in court. Information disclosure remains a critical communication channel between listed companies and investors, forming the foundation for investment decisions. Since the implementation of China's revised Securities Law, disclosure requirements have intensified significantly, accompanied by stricter penalties for violations.

Historical records reveal persistent financial reporting concerns. Between 2014 and 2024, the company received annual report inquiry letters for ten consecutive years, flagging anomalies in accounts receivable, inventory, revenue recognition, and selling expenses. Regulatory intervention occurred on August 2, 2024, when Guizhou securities authorities issued administrative sanctions identifying dual violations: improper accounting treatment of period-specific selling expenses contrary to accounting standards, and material internal control deficiencies. These issues collectively compromised the accuracy of financial disclosures across multiple reporting periods.

Combatting financial fraud remains paramount in securities regulation. Recent years witnessed enhanced enforcement mechanisms from the CSRC, resulting in timely resolution of major cases. While formal penalties for ST Bailing remain pending pending investigation conclusions, two provisional claim periods have been established: (1) Investors purchasing shares between January 31 and April 29, 2024, who subsequently sold or held positions at a loss after April 30, 2024; (2) Investors purchasing shares on or before November 8, 2024, who sold or held positions at a loss after November 9, 2024.