Securities Code: 002112 Securities Abbreviation: Sanbian Sci-Tech Announcement No.: 2026-013
Sanbian Sci-Tech Co., Ltd. Announcement on Changes to Accounting Policies
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Sanbian Sci-Tech Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on Changes to Accounting Policies" at the Fourth Meeting of the Eighth Board of Directors held on April 23, 2026. The details are as follows:
I. Overview of Changes to Accounting Policies
(I) Reasons for and Effective Date of Changes to Accounting Policies
On December 5, 2025, the Ministry of Finance issued the "Notice on Issuing 'Accounting Standards Interpretation No. 19'" (Cai Kuai [2025] No. 32) (hereinafter referred to as "Interpretation No. 19"). This interpretation includes content related to "Accounting Treatment of Compensatory Assets in Business Combinations Under Common Control," "Accounting Treatment of Capital Reserve Related to the Disposal of Subsidiaries Acquired Through Business Combinations Under Common Control," "Derecognition of Financial Liabilities Settled by 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." "Interpretation No. 19" will be implemented from January 1, 2026.