Securities Code: 002309 Securities Abbreviation: Zhongli Group Announcement No.: 2026-016 Jiangsu Zhongli Group Co., Ltd. Announcement on Provision for Asset Impairment and Write-off for 2025 The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions. Jiangsu Zhongli Group Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the seventh Board of Directors on April 23, 2026, which reviewed and approved the "Proposal on Provision for Asset Impairment and Write-off for 2025". The relevant situation is hereby announced as follows: I. Overview of Provision for Asset Impairment and Write-off for the Current Period (I) Provision for Asset Impairment
- Reason for Provision for Impairment In accordance with the requirements of the "Accounting Standards for Business Enterprises" and the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange", and to truthfully, accurately, and completely reflect the Company's asset status as of December 31, 2025, and its operating performance for 2025, the Company conducted a comprehensive review and impairment test of all assets in the consolidated financial statements. Based on the test results and the principle of prudence, the Company has made corresponding impairment provisions for assets that may incur impairment losses.
- Scope of Assets, Total Amount, and Reporting Period for Provision for Impairment After a comprehensive review and impairment test of all assets within the scope of the consolidated financial statements as of December 31, 2025, the total amount of provisions for impairment recognized in the current period (January 1, 2025, to December 31, 2025) is RMB 7,753.70 million, with details as follows: | Project | Amount (RMB million) | Description