Securities Code: 001336 Securities Abbreviation: Chuhuan Technology Announcement Number: 2026-015
Hangzhou Chuhuan Technology Co., Ltd. Announcement on Changes to Accounting Policies
The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder: This change in accounting policies is a corresponding change made by Hangzhou Chuhuan Technology Co., Ltd. (hereinafter referred to as the "Company") in accordance with the relevant regulations of the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"). It does not require submission for review by the Company's Board of Directors and Shareholders' Meeting. This change in accounting policies will not have a significant impact on the Company's financial position, operating results, and cash flows, does not involve retrospective adjustments for previous periods, and does not harm the interests of the Company and its shareholders.
I. Overview of Changes to Accounting Policies
(I) Reason for Change In December 2025, the Ministry of Finance issued "Accounting Interpretation No. 19 of the Accounting Standards for Business Enterprises" (Cai Kuai [2025] No. 32), which stipulates the "Accounting Treatment of Compensatory Assets in Business Combinations Not Under Common Control," "Accounting Treatment of Relevant Capital Reserves When Disposing of Subsidiaries Acquired Through Business Combinations Under Common Control," "Derecognition of Financial Liabilities Settled Through Electronic Payment Systems," "Assessment of Contractual Cash Flow Characteristics of Financial Assets and Related Disclosures," and "Disclosure of Equity Instruments Designated at Fair Value Through Other Comprehensive Income." This interpretation will take effect from January 1, 2026. In accordance with the above regulations, the Company has made corresponding changes to its accounting policies.