Guangdong Pearl announced that the Jiaoyuan Nangou Tailings Depot, a wholly-owned subsidiary of the company, was temporarily suspended and rectified on July 15, 2026 due to the superior design of the main dam. After passing the rectification, inspection and review, the tailings depot resumed tailings and iron powder production on September 21, and the company's main business returned to normal. The Heyuan Municipal Emergency Management Bureau imposed a warning and a total fine of 94,000 yuan on Pearl Mining. Zhu Haitao, the main manager, and Xiao Yuquan, deputy general manager, issued warnings and fines of 62,000 yuan and 15,000 yuan respectively. The relevant fines have been paid in full. This penalty does not cover major illegal and forced delisting situations. The suspension of the schedule will have a significant adverse impact on iron powder production, sales, and operating profits in the third quarter of 2026.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.