Company Code: 002063 Company Abbreviation: Far Light Software Announcement No.: 2026-004
Far Light Software Co., Ltd. Announcement on Provision for Asset Impairment for 2025
The Company and all members of its board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false statements, misleading representations, or material omissions.
Far Light Software Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Enterprise Accounting Standards" and the Company's accounting policies, intends to make provisions for impairment losses on assets of the Company and its holding subsidiaries. The specific details are as follows:
I. Overview of the Provision for Asset Impairment
- Reason for the Provision for Asset Impairment
To prudently reflect the Company's financial position, asset values, and operating results as of December 31, 2025, the Company has conducted impairment tests on assets such as accounts receivable, contract assets, other receivables, notes receivable, inventory, and long-term receivables in accordance with the "Enterprise Accounting Standards" and the Company's accounting policies. The Company believes that some assets show signs of impairment. Based on the principle of prudence, the Company and its holding subsidiaries intend to make provisions for impairment losses on assets that may be impaired.
- Scope of Assets, Amount, and Reporting Period for the Provision for Asset Impairment
After a comprehensive review and impairment test of assets with potential impairment signs as of December 31, 2025, the Company and its holding subsidiaries will provide for asset impairment losses totaling RMB 32.466 million. This amount accounts for 11.08% of the net profit attributable to listed company shareholders audited for 2024. The reporting period for this provision for asset impairment is from January 1, 2025, to December 31, 2025.
- Deliberation Procedures for the Provision for Asset Impairment
In accordance with the requirements of the "Shenzhen Stock Exchange Stock Listing Rules," this provision for asset impairment needs to be disclosed in a timely manner. It has been reviewed and approved by the Eighth Board of Directors' Audit Committee's 14th meeting and does not require submission to the Company's Board of Directors or Shareholders' Meeting for deliberation.
II. Specific Details of the Provision for Asset Impairment
The details of the provision for asset impairment are as follows: