Tech-bank Food (002124.SZ) has received the Administrative Supervision Measures Decision Letter from the Ningbo Regulatory Bureau of the China Securities Regulatory Commission.

Tech-bank Food (002124.SZ) Announcement: The company and relevant personnel recently received the "Administrative Supervision Measures Decision" (No. [2025] 31) issued by the Ningbo Regulatory Bureau of the China Securities Regulatory Commission. The related situation is as follows: On June 18, 2024, Tech-bank Food disclosed a major lawsuit brought by Anhui Guoyuan Tianbang Equity Investment Fund Co., Ltd. against Tech-bank Food and Han Shiwai Food Group Co., Ltd. for a dispute over equity repurchase, requesting payment of the equity repurchase amount. On January 13, 2025, the company received a first-instance civil judgment by the Intermediate People's Court of Hefei, Anhui Province regarding the equity repurchase dispute lawsuit, but the company did not disclose it in a timely manner. The company's failure to disclose the progress of major lawsuits in a timely manner violated the provisions of Article 3(1), Article 22(2) Paragraph 1, and Article 25 of the "Administrative Measures on the Disclosure of Information by Listed Companies" (CSRC Order No. 182). Chairman and CEO Zhang Banghui and Board Secretary and Vice President Zhang Xiangyun did not fulfill their duty of diligence and responsibility in accordance with Articles 4 and 51(1,2) of the "Administrative Measures on the Disclosure of Information by Listed Companies" (CSRC Order No. 182) and bear primary responsibility for the above violations. In accordance with Article 52 of the "Administrative Measures on the Disclosure of Information by Listed Companies" (CSRC Order No. 182), the Ningbo Regulatory Bureau has decided to issue a warning letter as an administrative supervision measure against Tech-bank Food, and to conduct regulatory discussions with Zhang Banghui and Zhang Xiangyun as administrative supervision measures. In addition, in accordance with Article 8(5) and 11 of the "Regulations on Integrity Supervision and Administration of the Securities and Futures Market," they will be recorded in the Securities and Futures Market Integrity Records Database.