002312SZSE

Announcement on Changes to Accounting Policies

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Sichuan Development Longsheng Co., Ltd. announces a change in accounting policies based on the Ministry of Finance's "Enterprise Accounting Standards Interpretation No. 19". This change, effective January 1, 2026, addresses accounting for compensatory assets in non-uniform control business combinations and capital reserve accounting upon disposal of subsidiaries. The company states this change will not materially impact its financial position or results and does not require shareholder approval.

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Securities Code: 002312 Securities Abbreviation: Sichuan Development Longsheng Announcement No.: 2026-017

Sichuan Development Longsheng 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 in this announcement, without any false records, misleading statements, or major omissions.

Special Reminder: This change in accounting policies will not have a significant impact on the Company's main financial indicators such as operating revenue, net profit, and net assets. It does not involve retrospective adjustments for previous periods and does not harm the interests of the Company or its shareholders.

Sichuan Development Longsheng Co., Ltd. (hereinafter referred to as the "Company") held the nineteenth meeting of the seventh Board of Directors on April 24, 2026, and deliberated and passed the "Proposal on the Company's Implementation of <Enterprise Accounting Standards Interpretation No. 19> to Change Related Accounting Policies." This change in accounting policies is a corresponding change made in accordance with the relevant regulations of the Ministry of Finance. It does not require submission to the Company's shareholders' meeting for deliberation and will not have a significant impact on the Company's financial position, operating results, and cash flow. The specific situation is hereby announced as follows:

I. Overview of Changes in Accounting Policies

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