Securities Code: 002373 Securities Abbreviation: Square Technology Announcement Number: 2026-027
Beijing Square Technology Co., Ltd. Announcement on Changes to 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: This change in accounting policy is a corresponding change made by the Company in accordance with regulations from the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"). It will not have a significant impact on the Company's financial results such as operating revenue, net profit, and net assets.
I. Overview of Changes in Accounting Policies
(I) Reason for the Change in Accounting Policy On December 5, 2025, the Ministry of Finance issued the "Notice on Issuing <Enterprise Accounting Standards Interpretation No. 19>" (Cai Kuai [2025] No. 32), which stipulates that the accounting treatment for compensatory assets in business combinations not under common control, the accounting treatment for capital reserve related to the disposal of subsidiaries previously acquired through business combinations under common control, the termination of recognition of financial liabilities settled by electronic payment systems, the assessment of the contractual cash flow characteristics of financial assets and related disclosures, and the disclosure of equity instruments designated at fair value through other comprehensive income will be implemented from January 1, 2026.