Shenzhen Jinke Zhino Co., Ltd. (hereinafter referred to as "the Company") held the 18th temporary meeting of the 11th Board of Directors on April 29, 2026, and approved the proposal regarding the provision for asset and credit impairment for Q1 2026. In accordance with the relevant regulations of the Shenzhen Stock Exchange Listing Rules, the Company announces the following details:
I. Overview of the Provision for Asset and Credit Impairment
(1) Reasons for the Provision
In accordance with the "Accounting Standards for Enterprises" and the Company's accounting policies, to more accurately reflect the Company's financial and asset status based on the principle of prudence, the Company conducted a comprehensive review and impairment testing of various assets within the consolidated financial statements as of March 31, 2026. Based on the test results, the Company made provisions for impairment of relevant assets and credit.
(2) Scope and Amount of the Provision
The Company made a total provision for asset impairment of 62.89 million yuan in Q1 2026, including 59.10 million yuan for asset impairment and 3.79 million yuan for credit impairment. The details are as follows:
| Item | Amount for the Period (in ten thousand yuan) |
|---|---|
| I. Credit Impairment Provision | |
| - Bad Debt Provision for Accounts Receivable | 228.00 |
| - Bad Debt Provision for Other Receivables | 151.12 |
| II. Asset Impairment Provision | |
| - Inventory - Biological Assets | 59,098.60 |
| Total | 62,889.80 |
Note: The above data may have rounding differences.
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.