Lanshi Heavy Equipment: Due to violations of information disclosure laws and regulations, the company was fined 3 million yuan

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Lanshi Heavy Equipment announced that the company and its controlling shareholder, Lanshi Group, received an administrative penalty decision from the Gansu Securities Regulatory Bureau for violations of information disclosure laws and regulations.
Between 2020 and 2024, Lanshi Heavy Equipment engaged in non-operating capital occupation with Lanshi Group.
The company failed to disclose these matters in its annual reports and did not promptly account for the changes in funds, resulting in false records in the 2023 and 2024 semi-annual reports.
As the controlling shareholder, Lanshi Group organized and instructed the involved capital occupation.
According to relevant provisions of the Securities Law, Lanshi Heavy Equipment was issued a warning and fined 3 million yuan, Lanshi Group was fined 4 million yuan, and the relevant responsible persons were warned and fined.

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