Announcement on Asset Impairment Provision for the Year 2025 by Haining Leather City
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, and bear joint responsibility for any false records, misleading statements, or significant omissions in the announcement.
I. Overview of the Asset Impairment Provision
- The reason for the asset impairment provision is to more accurately reflect the asset and financial status of Haining Leather City Co., Ltd. (hereinafter referred to as "the company") as of December 31, 2025. In accordance with the "Enterprise Accounting Standards," "Shenzhen Stock Exchange Stock Listing Rules," and the company's accounting policies, based on the principle of prudence, the company conducted a review and impairment testing of various assets as of December 31, 2025, and made provisions for assets showing signs of potential impairment.
- The scope and amount of the asset impairment provision for the year 2025 total CNY 41,918,083.06, detailed as follows: