Securities Code: 002167 Securities Abbreviation: Oriental Zirconium Announcement No.: 2026-018
Guangdong Oriental Zirconium Industry Co., Ltd. Announcement on Changes to Accounting Policies
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
Guangdong Oriental Zirconium Industry Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the ninth Board of Directors on April 20, 2026, and deliberated and passed the "Proposal on Changes to Accounting Policies." This change in accounting policies does not require submission to the shareholders' meeting for deliberation. The details are as follows:
I. Overview of Changes to Accounting Policies
- Reason for Change and Effective Date
On December 5, 2025, the Ministry of Finance issued "Accounting Standards Interpretation No. 19" (Cai Kuai [2025] No. 32) (hereinafter referred to as "Interpretation No. 19"), which stipulates that "Accounting treatment for compensatory assets in business combinations not under common control," "Accounting treatment for capital reserve related to the disposal of subsidiaries acquired through business combinations under common control," "Derecognition of financial liabilities settled by electronic payment systems," "Evaluation of the characteristics of contractual cash flows of financial assets and related disclosures," and "Disclosure of equity instruments designated at fair value through other comprehensive income" shall be implemented from January 1, 2026. In accordance with the above accounting standards interpretation, the Company needs to adjust its relevant accounting policies and will implement the above enterprise accounting standards from January 1, 2026.