ST Xingnong: Received the "Administrative Penalty Decision" issued by the Zhejiang Securities Regulatory Bureau.

Sina Finance reported on March 30th that *ST Xingnong announced that the company and related personnel have received the "Administrative Penalty Decision" issued by the Zhejiang Securities Regulatory Bureau. It was found that in 2023, *ST Xingnong's wholly-owned subsidiary inflated its operating income by 60.7274 million yuan, accounting for 19.69% of the disclosed operating income for that period; the inflated total profit amounted to 5.2895 million yuan, accounting for 9.77% of the absolute value of the disclosed total profit, resulting in false records in the 2023 annual report. Therefore, *ST Xingnong was warned and fined 2.5 million yuan; He Dejun, Zheng Bin, and Liu Tao were warned and fined 1.2 million yuan each; Wu Haijuan was warned and fined 800,000 yuan.