China Salt Chemical Industry was fined for information disclosure violations! Its 441 million yuan related-party transaction was delayed in disclosure

2. Reasons to the violation: prolonged non-disclosure of over 440 million yuan in connected transactions

The current violation stems from the fact that multiple extensive connected transactions at the beginning of this year failed to fulfill the review and disclosure obligations in a prompt manner. From January to April 27, 2026, China National Salt sector Co., Ltd. conducted frequent transactions with multiple connected parties including China National Salt Group Material Branch, Kunshan Baoyan gaseous, Kunshan Thermal Energy and others. Among them, the amount of purchases of raw materials, fuel and power from connected parties was approximately 344 million yuan, and the amount of product sales to connected parties was approximately 96.877 million yuan, with the total scale of connected transactions reaching 441 million yuan.

According to the regulatory rules to listed companies, extensive connected transactions need to be submitted to the board of directors to review and disclosed to the general in a prompt manner. However, China National Salt sector Co., Ltd. delayed to nearly three months, and only held a board meeting to supplement the review on July 23 and completed the general disclosure on July 24, which is a typical violation of delayed information disclosure.

3. Regulatory determination: Executives failed to perform their duties appropriately, violating information disclosure regulation regulations

The Inner Mongolia Securities Regulatory Bureau determined that the above-mentioned actions of China National Salt sector Co., Ltd. violated the relevant provisions of the , with untimely information disclosure and loopholes in compliant operation. As the main persons in charge of the company's operation and information disclosure, the chairman, general manager, board secretary and chief accountant failed to fulfill their duties diligently and immediately responsible to this violation, so supervisory talk sanctions were imposed on the company and the three executives together.

4. Company response: complete rectification and strengthening of compliance regulation

In response to this violation penalty, China National Salt sector Co., Ltd. stated that it attaches great importance to this regulatory matter, and will deeply reflect on the root trigger of the issue and earnestly learn lessons. In the future, the company will enhance the learning of securities laws and regulations to all employees, enhance the internal manage mechanisms to connected transaction review and information disclosure, comprehensively enhance the company's standardized operation and compliance regulation level, and prevent similar problems from happening again.

5. Operational pressure: Sharp decline in performance, turning from profit to loss in the first half of the year

general data shows that the recent operating fundamentals of China National Salt sector Co., Ltd. have continued to be under pressure. The company mainly produces basic chemical items such as soda ash, caustic soda and PVC. Affected by sector overcapacity, weak market demand and持续 low product prices, the profitability has weakened significantly. In 2025, the company's attributable net profit dropped sharply by 85.75% year-on-year; the performance further deteriorated in the first half of 2026, with a net loss of 272 million yuan, officially turning from profit to loss, and the operational pressure has have become increasingly prominent.