Shaanxi Meinen Clean Energy Group Co., Ltd.
Explanation of the Board of Directors on the Reasonableness of Accounting Estimate Changes
Shaanxi Meinen Clean Energy Group Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the Fourth Board of Directors on April 27, 2026, and deliberated and passed the "Proposal on Changes in Accounting Estimates," agreeing to the change in accounting estimates. The Board of Directors of the Company hereby explains the reasonableness of this change in accounting estimates as follows:
This change in accounting estimates complies with relevant provisions such as "Accounting Standards for Business Enterprises No. 4 – Fixed Assets" and "Accounting Standards for Business Enterprises No. 28 – Changes in Accounting Policies, Accounting Estimates and Correction of Errors." It does not involve retrospective adjustments to disclosed financial reports. The revised accounting estimates can more objectively and fairly reflect the Company's financial position and operating results, which is conducive to improving the quality of accounting information and does not harm the interests of the Company and its shareholders.
Hereby explained.
Shaanxi Meinen Clean Energy Group Co., Ltd. Board of Directors April 27, 2026