Sanbian Sci-Tech Co., Ltd. Announcement on Accrual of Asset Impairment Provisions for the First Quarter of 2026
This announcement is made by the company and all members of its board of directors, guaranteeing the truthfulness, accuracy, and completeness of the information, and that there are no false records, misleading statements, or significant omissions.
Sanbian Sci-Tech Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the eighth board of directors on April 27, 2026, and deliberated and passed the "Proposal on Accrual of Asset Impairment Provisions for the First Quarter of 2026". The specific situation is hereby announced as follows:
I. Overview of Asset Impairment Provisions Accrued in This Period
In accordance with the "Accounting Standards for Business Enterprises", the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1 - Normative Operation of Main Board Listed Companies", and the accounting policies of Sanbian Sci-Tech Co., Ltd. (hereinafter referred to as the "Company"), in order to more objectively, truthfully, and accurately reflect the company's assets and operating conditions as of March 31, 2026, based on the principle of prudence, the company conducted a comprehensive investigation and evaluation of all assets within the scope of the consolidated financial statements. Impairment provisions were accrued for relevant assets showing signs of impairment. In the first quarter of 2026, the company accrued impairment losses of 13,432,200.20 yuan, including credit impairment losses of 445,668.40 yuan and asset impairment losses of 12,986,531.80 yuan. The specific situation is as follows: