Securities Code: 001336 Securities Abbreviation: Chuhuan Technology Announcement No.: 2026-021
Hangzhou Chuhuan Technology Co., Ltd. Announcement on the Recognition and Reversal of Asset Impairment Provisions for the First Quarter of 2026
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Hangzhou Chuhuan Technology Co., Ltd. (hereinafter referred to as the "Company") has conducted a comprehensive review, analysis, and evaluation of various assets within the scope of its consolidated financial statements as of March 31, 2026, in accordance with the "Enterprise Accounting Standards," the "Shenzhen Stock Exchange Stock Listing Rules," and the Company's accounting policies. Impairment provisions for relevant assets have been recognized and reversed. The specific matters are hereby announced as follows:
I. Overview of the Recognition and Reversal of Asset Impairment Provisions
(I) Reasons for the Recognition and Reversal of Asset Impairment Provisions
Based on the principle of prudence, in order to more truthfully and accurately reflect the Company's asset value, financial position, and operating results as of March 31, 2026, in accordance with the "Enterprise Accounting Standards" and the Company's relevant accounting policies, the Company and its subsidiaries conducted a comprehensive review of various assets such as receivables, inventory, fixed assets, and construction in progress at the end of the first quarter of 2026. Based on this review, the realizable value of various inventories, the recoverability of receivables, and the realizable value of fixed assets and construction in progress were fully analyzed and evaluated, and impairment provisions for relevant assets were recognized and reversed.