002538SZSE
🚨 Material Event

Announcement on Receiving the "Administrative Penalty Decision"

✨ AI Summary

Anhui Si'erte Fertilizer Co., Ltd. received an administrative penalty decision from the Anhui Securities Regulatory Bureau for information disclosure violations. The company was fined RMB 6 million for fabricating engineering construction and urea procurement businesses, leading to misstated financial reports in 2021 and 2023. The company has made retrospective adjustments and is not subject to mandatory delisting.

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Anhui Si'erte Fertilizer Co., Ltd. Announcement

Stock Code: 002538 Stock Abbreviation: ST Si'erte Announcement No.: 2026-25

Announcement on Receiving the "Administrative Penalty Decision"

The company and its board of directors guarantee the truthfulness, completeness, and accuracy of the announcement, and there are no false records, misleading statements, or major omissions.

On September 1, 2025, Anhui Si'erte Fertilizer Co., Ltd. (hereinafter referred to as the "Company") received the "Notice of Investigation" (No.: JZJZ0232025004) from the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") regarding suspected information disclosure violations. Based on laws and regulations such as the "Securities Law of the People's Republic of China" and the "Administrative Penalty Law of the People's Republic of China," the CSRC decided to initiate an investigation into the Company. For specific details, please refer to the "Announcement on Receiving the Notice of Investigation from the China Securities Regulatory Commission" (Announcement No.: 2025-24) disclosed by the Company on September 2, 2025, in the China Securities Journal, Shanghai Securities News, Securities Times, and on the Juchao Information Network (http://www.cninfo.com.cn).

On July 30, 2026, the Company received the "Administrative Penalty Decision" (No. [2026] 4) issued by the Anhui Securities Regulatory Bureau. The relevant content is hereby announced as follows:

I. Main Content of the "Administrative Penalty Decision"

"Party Concerned: Anhui Si'erte Fertilizer Co., Ltd. (hereinafter referred to as Si'erte or the Company), Domicile: Ningguo Economic and Technological Development Zone, Anhui Province.

In accordance with the relevant provisions of the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), our bureau has investigated the information disclosure violations and irregularities of Si'erte. The facts, reasons, and basis for the administrative penalty were informed to the party concerned, and the party concerned submitted a statement and defense opinion but did not request a hearing. The case has now been investigated and concluded.

The investigation found that Si'erte and others were suspected of the following illegal facts:

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