Securities Abbreviation: Kangli Elevator Securities Code: 002367 Announcement Number: 202608
Kangli Elevator Co., Ltd. Announcement on Provision for Bad Debt and Asset Write-offs for 2025
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
Kangli Elevator Co., Ltd. (hereinafter referred to as the "Company") held the 21st meeting of the Sixth Board of Directors on March 25, 2026, and deliberated and approved the "Proposal on Provision for Various Asset Impairment Losses and Asset Write-offs for 2025". In accordance with the "Enterprise Accounting Standards", the Company's accounting policies, the "Shenzhen Stock Exchange Stock Listing Company Self-Regulatory Management Guide No. 1 - Normative Operation of Main Board Listed Companies", the "Shenzhen Stock Exchange Stock Listing Rules", and other relevant regulations, a comprehensive inventory and impairment test of various assets within the scope of the consolidated financial statements as of December 31, 2025, was conducted. Based on the principle of prudence, impairment provisions were made for assets that may incur impairment losses. This proposal is subject to the Company's 2025 Annual General Meeting of Shareholders for deliberation. The specific details of the provision for asset impairment losses and asset write-offs are hereby announced as follows:
I. Overview of Provision for Asset Impairment Losses and Asset Write-offs