Shanghai Stock Exchange: Regulatory warning issued to Wang Donghai, Chairman of Baichuan Energy

Shanghai Stock Exchange announcement, Wang Donghai, the current chairman of Baichuan Energy, has been able to control Zhuolu Dadi Gas Co., Ltd. and Suizhong Dadi Natural Gas Pipeline Co., Ltd. since September 2019, but did not submit a list of related parties and an explanation of the relationship to the company. The company did not follow the regulations for related party transactions review and disclosure procedures, violating the relevant provisions of the "Stock Listing Rules of the Shanghai Stock Exchange". Wang Donghai, as the company's main responsible person and the first person responsible for information disclosure, failed to fulfill his duties diligently and is responsible for the violation. The company and the senior management need to take effective measures to rectify the violations and improve the level of information disclosure and standard operation.