002366SZSE

Announcement on Change of Accounting Estimate

✨ AI Summary

The company is changing its accounting estimate for the depreciation period of fixed assets for itself and its subsidiaries. This change, effective May 1, 2026, is to better reflect the company's financial status and operating results. The change is in compliance with accounting standards and has been approved by the Audit Committee and the Board of Directors. It will not affect prior periods' financial data.

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Full Translation

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Securities Code: 002366 Securities Abbreviation: Rongfa Nuclear Power Announcement No.: 2026-010 Rongfa Nuclear Power Equipment Co., Ltd. Announcement on Change of Accounting Estimate The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.

Special Notice:

  1. This accounting estimate change adopts the prospective application method for accounting treatment, which does not require retrospective adjustment of previously disclosed financial statements and will not affect the company's financial position and operating results in previous periods.
  2. This accounting estimate change matter is within the scope of the company's board of directors' approval authority and does not need to be submitted to the shareholders' meeting for deliberation.

To objectively and fairly reflect the financial position and operating results of the company and its subsidiaries, in accordance with the "Regulations on Fixed Assets" (No. 4 of the Enterprise Accounting Standards), "Accounting Policies, Changes in Accounting Estimates and Correction of Errors" (No. 28 of the Enterprise Accounting Standards), and other regulations, combined with the actual use status of the company's fixed assets, equipment maintenance level, and industry practices, the company plans to change the accounting estimate for the depreciation period of fixed assets for the company and its subsidiaries. The specific matters are as follows:

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