Thinker Agricultural Machinery (603789.SH) and relevant personnel received a warning letter from the Zhejiang Securities Regulatory Bureau.

Thinker Agricultural Machinery (603789.SH) announced that it recently received a decision from the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission (referred to as "Zhejiang CSRC") regarding the issuance of a warning letter to Xingguang Agricultural Machinery Co., Ltd. and related personnel. The decision states that on April 25, 2026, the company disclosed the "Announcement on the Correction of Previous Accounting Errors," adjusting the revenue recognition method for the company's structural components business and project production business from "gross method" to "net method." This adjustment reduced the operating revenue and operating costs reported in the first quarter of 2025 by 21.5635 million yuan, in the half-year report by 46.4888 million yuan, and in the third quarter report by 68.1812 million yuan. The disclosure of relevant information in the company's first quarter, half-year, and third quarter reports for 2025 was inaccurate. The above actions by the company violated relevant regulations. The company's chairman He Dejun, general manager Zheng Bin, and financial director Wu Haijuan violated relevant rules and bear primary responsibility for the aforementioned actions. According to regulations, the Zhejiang CSRC decided to take supervisory measures by issuing a warning letter to the company, He Dejun, Zheng Bin, and Wu Haijuan, and to record this in the integrity file of the securities and futures market.