Stock Code: 002319 Stock Abbreviation: Letong Shares Announcement No.: 2026-020
Zhuhai Letong Chemical Co., Ltd. Announcement on the Change of Accounting Policies
The Company and the entire Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Zhuhai Letong Chemical Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on the Change of Accounting Policies" at the fifth meeting of the Seventh Board of Directors held on April 22, 2026. This change in accounting policies does not require submission to the shareholders' meeting for approval. The details are as follows:
I. Overview of the Change in Accounting Policies
- Reason and Date of Change
On December 5, 2025, the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance") issued "Interpretations on Enterprise Accounting Standards No. 19" (Cai Kuai [2025] No. 32) (hereinafter referred to as "Interpretations No. 19"), which stipulates the accounting treatment for compensatory assets in business combinations not under common control, the accounting treatment for capital reserves related to the disposal of subsidiaries acquired 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. These interpretations took effect on January 1, 2026.