Announcement on Provision for Credit and Asset Impairment for 2025

Securities Code: 000995 Securities Abbreviation: Huangtai Liquor Industry Announcement No.: 2026-015
Gansu Huangtai Liquor Industry Co., Ltd.
Announcement on the Provision for Credit and Asset Impairment for the Year 2025
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Gansu Huangtai Liquor Industry Co., Ltd. (hereinafter referred to as "the Company") held the 21st meeting of the 9th Board of Directors on April 23, 2026, and reviewed and approved the proposal on the provision for credit and asset impairment for the year 2025. The specific situation is announced as follows:

I. Overview of the Provision for Credit and Asset Impairment
(1) Reasons for the Provision for Credit and Asset Impairment
To accurately reflect the company's asset status and financial condition, in accordance with the requirements of the "Enterprise Accounting Standards" and other relevant regulations, and based on the principle of prudence, the company conducted a comprehensive review and impairment testing of various assets within the scope of the consolidated financial statements as of December 31, 2025, and made corresponding impairment provisions for assets that may incur credit impairment losses and asset impairment losses.

(2) Scope and Total Amount of the Provision for Credit and Asset Impairment
After the company and its subsidiaries conducted impairment testing on assets that showed signs of impairment as of December 31, 2025, including accounts receivable, inventory, fixed assets, goodwill, etc., the total amount of impairment provisions for the year 2025 was 4,959,658.95 yuan (to be reversed as a negative amount), detailed as follows: