Announcement on Confirmation of Fair Value Changes and Impairment Provisions for Assets
The company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
On March 6, 2026, Fujian Mindong Electric Power Group Co., Ltd. (hereinafter referred to as the "Company") held the fourteenth extraordinary meeting of the ninth board of directors. The meeting, with 9 votes in favor, 0 votes against, and 0 abstentions, deliberated and passed the "Proposal on Confirmation of Fair Value Changes and Impairment Provisions for Assets." The relevant situation is hereby announced as follows:
I. Overview of Confirmation of Fair Value Changes and Impairment Provisions for Assets
In accordance with the requirements of the "Accounting Standards for Business Enterprises," the "Norms for the Operation of Listed Companies on the Shenzhen Stock Exchange," and other relevant laws, regulations, and normative documents, to truthfully and accurately reflect the Company's financial position as of December 31, 2025, asset values, and operating results for 2025, the Company conducted a comprehensive inventory, analysis, evaluation, and impairment test of various assets as of December 31, 2025. As a result, the Company confirmed fair value changes of -81.19 million yuan in 2025 (including fair value change gains of 18.47 million yuan and other comprehensive income of -99.66 million yuan), reversed credit impairment losses of 611.20 million yuan, provisioned for inventory price decline of 1,422.38 million yuan, recognized impairment losses on fixed assets of 4,650.50 million yuan, and recognized impairment losses on long-term equity investments in subsidiaries of 22,203.67 million yuan.