Securities Code: 000981 Securities Abbreviation: Shanzi Gaoke Announcement No.: 2026-017
Shanzi Gaoke Technology Co., Ltd.
Announcement on Correction of Prior Period Accounting Errors and Retrospective Adjustments
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Shanzi Gaoke Technology Co., Ltd. (hereinafter referred to as "the Company" or "Shanzi Gaoke") held the 15th interim meeting of the 9th Board of Directors on April 24, 2026, to review and approve the proposal on the correction of prior period accounting errors and retrospective adjustments. The Company agrees to correct accounting errors and make retrospective adjustments to the relevant financial statements in accordance with the relevant provisions of "Enterprise Accounting Standard No. 28 - Accounting Policies, Accounting Estimates Changes and Error Corrections" and "Rules for Information Disclosure and Reporting for Companies Issuing Securities No. 19 - Correction of Financial Information and Related Disclosure." The relevant situation is announced as follows:
I. Reasons for the Correction of Prior Period Accounting Errors
(1) Correction of the failure to meet the recognition criteria for minority shareholders' equity
The Company's controlling subsidiary, Anhui Zhidao New Energy Technology Co., Ltd. (hereinafter referred to as "Zhidao Technology"), conducted a capital increase in September 2024. The Company granted minority shareholders the right to request the Company to repurchase their shares upon triggering repurchase conditions, thus incurring an unconditional cash payment obligation for repurchasing its own equity instruments. In previous reports, the Company included all investment amounts in minority shareholders' equity accounting, considering that minority shareholders essentially held relevant rights and obligations related to common stock, without recognizing the repurchase obligation of the common stock as a financial liability, leading to inaccuracies in the financial statements for the relevant periods.
According to the provisions of "Enterprise Accounting Standard No. 37 - Financial Instruments Presentation": Article 11 states, "Except for financial instruments classified as equity instruments under Chapter 3 of this standard, if a contract imposes an obligation on the issuer to repurchase its own equity instruments in cash or other financial assets, even if the issuer's repurchase obligation depends on whether the counterparty exercises the put option, the issuer shall recognize that obligation as a financial liability at initial recognition, with an amount equal to the present value of the amount to be paid for the repurchase (such as the present value of the forward repurchase price, the present value of the option exercise price, or the present value of other repurchase amounts). If the issuer ultimately does not need to repurchase its own equity instruments in cash or other financial assets, the financial liability shall be reclassified as equity instruments at the maturity of the contract." Article 12 states, "For financial instruments with settlement clauses, if the issuer cannot unconditionally avoid delivering cash, other financial assets, or settling in other ways that cause the instrument to become a financial liability, it shall be classified as a financial liability."