Announcement on Provision for Asset Impairment for 2025
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Guangzhou Ruili Kemi Auto Electronics Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the Fifth Board of Directors on April 13, 2026, and reviewed and approved the "Proposal on the Provision for Asset Impairment for 2025". In accordance with the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange" and other laws, regulations, normative documents, and the "Articles of Association" of the Company, this matter does not require submission to the shareholders' meeting for deliberation. The specific content is as follows:
I. Overview of the Provision for Credit and Asset Impairment
(I) Reasons for the Provision for Credit and Asset Impairment
In accordance with the requirements of the "Enterprise Accounting Standards" and the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange", and based on the principle of prudence, in order to more objectively, truthfully, and accurately reflect the Company's asset and financial status as of December 31, 2025, the Company has conducted a thorough assessment and analysis of assets such as notes receivable, accounts receivable, financing receivables, other receivables, inventory, and contract assets in the consolidated financial statements at the end of the period. It is believed that some of these assets show signs of impairment, and corresponding provisions for asset impairment have been made.