Securities Code: 002291 Securities Abbreviation: Yaowang Technology Announcement Number: 2026-023 Guangdong Yaowang Technology Group Co., Ltd. Announcement on the Change of Accounting Policies The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without false records, misleading statements, or major omissions. Guangdong Yaowang Technology Group Co., Ltd. (hereinafter referred to as the "Company") held the 13th meeting of the Sixth Board of Directors on April 26, 2026, and deliberated and passed the "Proposal on the Change of Accounting Policies." The company's change of accounting policies does not require submission to the shareholders' meeting for deliberation. The specific details of the change in accounting policies are as follows: I. Overview of the Change in Accounting Policies
- Reason and Date of Change (1) Implementation of "Accounting Standards Interpretation No. 19" On December 5, 2025, the Ministry of Finance issued Interpretation No. 19, which stipulates the accounting treatment for compensatory assets in business combinations not under common control, the accounting treatment for capital reserve related to the disposal of subsidiaries obtained through business combinations under common control, the derecognition of financial liabilities settled by electronic payment systems, the assessment of cash flow characteristics of financial assets and related disclosures, and the disclosure of equity instruments designated at fair value through other comprehensive income. This interpretation is effective from January 1, 2026. In accordance with the requirements of the above documents, the company has made corresponding changes to its accounting policies.
- Accounting Policies Implemented by the Company Before the Change Before this change, the company implemented the "Basic Standards for Enterprise Accounting" and various specific accounting standards, enterprise accounting standards, application guides for enterprise accounting standards, and other relevant regulations issued by the Ministry of Finance.
- Accounting Policies Implemented by the Company After the Change After this change in accounting policies, the company will implement the relevant provisions of "Accounting Standards Interpretation No. 19" issued by the Ministry of Finance for the changed parts. Except for the aforementioned policy changes, the unchanged parts will continue to implement the "Basic Standards for Enterprise Accounting" and various specific accounting standards, application guides for enterprise accounting standards, and other relevant regulations issued by the Ministry of Finance.
II. Impact of the Change in Accounting Policies on the Company This change in accounting policies is made in accordance with the relevant regulations and requirements of the Ministry of Finance. It complies with relevant laws and regulations and the company's actual situation. It will not have a significant impact on the company's financial position, operating results, and cash flows, and does not harm the interests of the company and its shareholders.
III. Deliberation of the Change in Accounting Policies by the Board of Directors After deliberation, the Board of Directors believes that this change in accounting policies is a reasonable change made by the company in accordance with the latest enterprise accounting standards issued by the Ministry of Finance. It complies with relevant regulations, and the implementation of the new accounting policies can objectively and fairly reflect the company's financial position and operating results. It will not have a significant impact on the company's financial statements. The decision-making process complies with relevant laws, regulations, and the Company's Articles of Association, and does not harm the interests of the company and its small and medium shareholders. The Board of Directors agrees to this change in accounting policies.