Kunshan Kersen Science & Technology (603626.SH) and related personnel have received a warning letter from the Jiangsu Securities Regulatory Bureau.

Kunshan Kersen Science & Technology (603626.SH) announced that the company and relevant individuals received a decision from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Jiangsu Securities Regulatory Bureau" below) on November 21, 2025, regarding the issuance of a warning letter to Kunshan Kersen Science & Technology Co., Ltd., Xu Jingen, Xiang Xuemei, and Qu Liping. From 2018 to 2024, Kunshan Kersen Science & Technology engaged in daily purchase and sales transactions with related parties Jiangsu Weishida Intelligent Inspection System Co., Ltd. (referred to as Weishida below), Jiangsu Yingzhi Rong Technology Co., Ltd., and Dongtai City Kesheng Catering Management Co., Ltd. The company failed to fulfill the review procedures and disclosure obligations according to regulations, and the disclosure of related transaction amounts had errors, which were only corrected in April 2025. The above actions of Kunshan Kersen Science & Technology violated the provisions of the "Measures for the Administration of Information Disclosure of Listed Companies" (CSRC Order No. 40, hereinafter referred to as the "Disclosure Measures of 2007") Articles 2 and 48, and the "Measures for the Administration of Information Disclosure of Listed Companies" (CSRC Order No. 182, hereinafter referred to as the "Disclosure Measures of 2021") Articles 3 and 41. The then Chairman and General Manager Xu Jingen, the then CFO, Deputy General Manager, and Director Xiang Xuemei, and the then Director Qu Liping were not diligent and responsible, and bear the main responsibility for the matter. In 2022, Kunshan Kersen Science & Technology paid funds to Weishida under the guise of purchase and sale transactions and recovered the funds within the same period, which constituted non-operational fund occupation by related parties, with a single fund occupation period of 1 to 4 days. Kunshan Kersen Science & Technology failed to fulfill the review procedures and disclosure obligations according to regulations and violated the provisions of Articles 3 and 41 of the "Disclosure Measures of 2021." The then Chairman and General Manager Xu Jingen, and the then CFO, Deputy General Manager, and Director Xiang Xuemei, were not diligent and responsible, and bear the main responsibility for the matter. According to Article 59 of the "Disclosure Measures of 2007" and Article 52 of the "Disclosure Measures of 2021," the Jiangsu Securities Regulatory Bureau decided to issue a warning letter as a regulatory measure to Kunshan Kersen Science & Technology, Xu Jingen, Xiang Xuemei, and Qu Liping, and to record it in the integrity file of the securities and futures market.