Securities Code: 001228 Securities Abbreviation: Yongtaiyun Announcement No.: 2026-021
Yongtaiyun Chemical Logistics Co., Ltd.
Announcement on Accounting Policy Change
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.
Special Reminder:
This accounting policy change is made in accordance with the Ministry of Finance of the People's Republic of China (hereinafter referred to as "the Ministry of Finance") issued "Notice on Issuing <Interpretation No. 19 of the Enterprise Accounting Standards>" (Cai Kuai [2025] No. 32) (hereinafter referred to as "Interpretation No. 19"). The company has made corresponding changes to its accounting policies. This accounting policy change will not have a significant impact on the current and previous financial status, operating results, and cash flows of Yongtaiyun Chemical Logistics Co., Ltd. (hereinafter referred to as "the Company"). According to the "Shenzhen Stock Exchange Stock Listing Rules," this accounting policy change does not require submission for review by the company's board of directors and shareholders' meeting.
I. Overview of Accounting Policy Change
(1) Reasons for Change and Effective Date
On December 19, 2025, the Ministry of Finance issued "Interpretation No. 19 of the Enterprise Accounting Standards" (Cai Kuai [2025] No. 32), which stipulates the accounting treatment for "compensatory assets in business combinations under common control," "accounting treatment for capital reserves related to the disposal of subsidiaries obtained through business combinations under common control," "termination confirmation of financial liabilities settled using electronic payment systems," "evaluation and related disclosure of cash flow characteristics of financial asset contracts," and "disclosure of equity instruments designated to be measured at fair value with changes recognized in other comprehensive income." This interpretation will take effect from January 1, 2026. Due to the issuance of the above accounting standards interpretation, the company needs to make corresponding changes to its accounting policies and begin implementing the aforementioned accounting standards from the effective date specified in the above document.
(2) Accounting Policies Adopted Before the Change
Before this accounting policy change, the company implemented the "Basic Standards of Enterprise Accounting Standards" and various specific accounting standards, application guidelines for enterprise accounting standards, announcements of interpretations of enterprise accounting standards, and other relevant regulations issued by the Ministry of Finance.
(3) Accounting Policies Adopted After the Change
After this accounting policy change, the company will execute according to the requirements of "Interpretation No. 19" issued by the Ministry of Finance. Apart from the aforementioned policy changes, other unchanged parts will still be executed according to the previously issued "Basic Standards of Enterprise Accounting Standards" and various specific accounting standards, application guidelines for enterprise accounting standards, announcements of interpretations of enterprise accounting standards, and other relevant regulations issued by the Ministry of Finance.
II. Impact of Accounting Policy Change on the Company
This accounting policy change is made by the company in accordance with the relevant regulations and requirements of the Ministry of Finance, complying with the provisions of relevant laws and regulations. This accounting policy change will not have a significant impact on the company's financial status, operating results, and cash flows, does not involve retrospective adjustments to financial data from previous years, and does not harm the interests of the company and its shareholders.
This announcement is hereby made.
Board of Directors of Yongtaiyun Chemical Logistics Co., Ltd.
April 30, 2026