Stock Code: 002343 Stock Abbreviation: Civen Media Announcement No.: 2026-015
Civen Media Co., Ltd. Announcement on Change of 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 major omissions.
Special Reminder: Civen Media Co., Ltd. (hereinafter referred to as the "Company") is changing its accounting policies in accordance with the requirements of "Accounting Standards Interpretation No. 19" issued by the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"). This change does not require the approval of the Company's Board of Directors and Shareholders' Meeting and will not have a significant impact on the Company's financial position and operating results. The specific details of this change in accounting policies are hereby announced as follows:
I. Overview of the Change in Accounting Policies
- Reason and Date of Change in Accounting Policies On December 5, 2025, the Ministry of Finance issued the "Notice on Printing and Distributing <Accounting Standards Interpretation No. 19>" (Cai Kuai [2025] No. 32), hereinafter referred to as "Interpretation No. 19", which stipulates the accounting treatment for "compensating assets in business combinations not under common control", "accounting treatment for relevant capital reserves from subsidiaries acquired through business combinations under common control", "derecognition of financial liabilities settled by electronic payment systems", "assessment of the cash flow characteristics of financial assets and related disclosures", and "disclosure of equity instruments designated at fair value through other comprehensive income". These provisions will take effect from January 1, 2026. In accordance with the provisions of the Ministry of Finance's "Interpretation No. 19", the Company will implement the aforementioned new accounting policies from January 1, 2026.