Securities Code: 002329 Securities Abbreviation: Huangshi Group Announcement No.: 2026 - 011 Huangshi Group Co., Ltd. Announcement on Changes to Accounting Policies The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Notice: Huangshi Group Co., Ltd. (hereinafter referred to as the "Company") is changing its accounting policies in accordance with the "Accounting Standards Interpretation No. 19" (Cai Kuai [2025] No. 32) issued by the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"). In accordance with the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules", this change in accounting policy does not require submission to the Company's Board of Directors and Shareholders' Meeting for deliberation. This change in accounting policy 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.
I. Overview of Changes in Accounting Policies
(I) Reasons for Changes in Accounting Policies On December 5, 2025, the Ministry of Finance issued "Accounting Standards Interpretation No. 19", which clarifies the accounting treatment of "compensating assets in business combinations not under common control", "accounting treatment of capital reserve for disposal of subsidiaries acquired through business combinations under common control", "derecognition of financial liabilities settled by electronic payment systems", "assessment of cash flow characteristics of financial assets and related disclosures", and "disclosure of equity instruments designated at fair value through other comprehensive income". It will be effective from January 1, 2026.