*ST Xingnong received the "preliminary notice of administrative penalty" from the Zhejiang Securities Regulatory Bureau*

On the evening of March 17, *ST Xingnong disclosed that the company had received a "Notice of Prior Administrative Penalty" issued by the Zhejiang Securities Regulatory Bureau on the same day. It was found that in 2023, *ST Xingnong's wholly-owned subsidiary, Bazo Xingguang Zhiyuan Smart Agriculture Technology Co., Ltd., engaged in false cotton harvesting, consulting services, promotion services, and other businesses, falsely increasing operating income by 60.7274 million yuan in 2023, accounting for 19.69% of the disclosed operating income for that period; falsely increasing total profit by 5.2895 million yuan, accounting for 9.77% of the absolute value of the disclosed total profit for that period, leading to false recordings in the annual report for 2023. On September 27, 2025, *ST Xingnong issued a "Announcement on the Company's Prior Correction of Accounting Errors and Retrospective Adjustment," making retrospective adjustments to the aforementioned matters.