---
title: "ST BLEST and related parties received an administrative penalty decision from the Hunan Securities Regulatory Bureau"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243421194.md"
description: "ST BLEST and related parties received an administrative penalty decision from the Hunan Securities Regulatory Bureau. The penalty includes failure to disclose non-operating fund occupation matters as required and significant omissions in the annual report. Hunan BLEST was ordered to rectify and fined 4 million yuan; Wang Hairong was fined 6 million yuan and banned for 3 years; Wang Wei and Yu Lanjian were fined 800,000 yuan and 500,000 yuan respectively"
datetime: "2025-06-06T08:06:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243421194.md)
  - [en](https://longbridge.com/en/news/243421194.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243421194.md)
---

# ST BLEST and related parties received an administrative penalty decision from the Hunan Securities Regulatory Bureau

According to the Zhitong Finance APP, ST BaLi (603959.SH) announced that the company and relevant parties received the "Administrative Penalty Decision" issued by the Hunan Regulatory Bureau of the China Securities Regulatory Commission.

The decision pointed out the illegal facts of the parties involved, including: ST BaLi failed to disclose non-operating fund occupation matters as required; ST BaLi's 2022 annual report, 2023 semi-annual report, and 2023 annual report contained significant omissions.

The Hunan Regulatory Bureau intends to decide: to order Hunan BaLi Engineering Technology Co., Ltd. to make corrections, issue a warning, and impose a fine of 4 million yuan. A warning will be given to Wang Hairong, along with a fine of 6 million yuan. As the directly responsible supervisor, a fine of 2 million yuan will be imposed, and as the actual controller, a fine of 4 million yuan will be imposed. A warning will be given to Wang Wei, along with a fine of 800,000 yuan. A warning will be given to Yu Lanjian, along with a fine of 500,000 yuan. In addition, Wang Hairong will be subject to a 3-year ban from the securities market

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