Announcement on Accrual of Asset Impairment Provisions for 2025
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 significant omissions.
Beijing Chufang Technology Co., Ltd. (hereinafter referred to as the "Company") held the fifteenth meeting of the Sixth Board of Directors on April 16, 2026. The meeting deliberated and approved the "Proposal on Accrual of Asset Impairment Provisions for 2025," and accrued impairment losses for relevant assets with impairment indications. The specific details are as follows:
I. Overview of Accrual of Asset Impairment Provisions
1. Reason for Accruing Asset Impairment Provisions
In accordance with the "Enterprise Accounting Standards" and the Company's accounting policies, to more truthfully, objectively, and accurately reflect the status of the Company's assets, financial position, and operating results within the consolidated scope as of December 31, 2025, the Company conducted a comprehensive inspection and impairment test of various assets of the Company and its subsidiaries. Impairment losses were accrued for relevant assets with impairment indications.
2. Scope of Assets for Accrual of Asset Impairment Provisions and Estimated Amount for Reporting Period
The Company conducted a comprehensive inventory and impairment test of all assets with impairment indications as of the end of 2025. The total asset impairment provisions accrued for 2025 amounted to RMB 123.4975 million, and the reporting period for which this is accounted for is January 1, 2025, to December 31, 2025. The detailed breakdown is as follows: