According to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Normative Operation of Main Board Listed Companies," "Accounting Standards for Business Enterprises No. 8 - Asset Impairment," and the "Articles of Association," the members of the Audit Committee of Hunan Boyun New Materials Co., Ltd. (hereinafter referred to as the "Company") have communicated in depth with the Company's key management personnel, reviewed the relevant materials for the provision of asset impairment, and carefully deliberated on the "Proposal on the Provision of Asset Impairment for 2025" by the Company. The Audit Committee hereby explains the provision of asset impairment for the Company as follows:
The provision of asset impairment by the Company complies with the regulations of the "Accounting Standards for Business Enterprises" and the Company's relevant accounting policies. Based on the principle of prudence, the basis is sufficient and conforms to the Company's current asset status. After the provision of asset impairment, the Company's financial position, asset value, and operating results as of December 31, 2025, can be reflected more fairly, making the Company's accounting information more reasonable. The Audit Committee agrees with the provision of asset impairment this time.
Audit Committee Director Signatures:
Zhou Lan: [blank] Pan Chuanping: [blank]
Jiang Feng: [blank]
Hunan Boyun New Materials Co., Ltd. Audit Committee 2026 April 8