According to Baosheng's announcement, Ye Huaneng, the actual controller of the company, was sued by the China Securities Regulatory Commission in March 2025 on suspicion of information disclosure and other illegal violations. On January 7, 2026, Ye Huaneng received the “Administrative Penalty Decision” issued by the Guangdong Securities Regulatory Bureau, was warned and fined 2 million yuan, confiscated 255.429 million yuan of illegal proceeds, and another 10 million yuan in fines. At the same time, the Guangdong Securities Regulatory Bureau also issued an “Administrative Penalty Decision” against Ning Yuanxi. According to the announcement, the matter did not involve listed companies, did not affect the normal production and operation of the company, and did not touch on forced delisting or other risk warning situations.

According to Baosheng's announcement, Ye Huaneng, the actual controller of the company, was sued by the China Securities Regulatory Commission in March 2025 on suspicion of information disclosure and other illegal violations. On January 7, 2026, Ye Huaneng received the “Administrative Penalty Decision” issued by the Guangdong Securities Regulatory Bureau, was warned and fined 2 million yuan, confiscated 255.429 million yuan of illegal proceeds, and another 10 million yuan in fines. At the same time, the Guangdong Securities Regulatory Bureau also issued an “Administrative Penalty Decision” against Ning Yuanxi. According to the announcement, the matter did not involve listed companies, did not affect the normal production and operation of the company, and did not touch on forced delisting or other risk warning situations.