Securities Code: 002375 Securities Abbreviation: Yasha Shares Announcement No.: 2026-018
Zhejiang Yasha Decoration 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 significant omissions.
Zhejiang Yasha Decoration Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the seventh Board of Directors on April 24, 2026, and reviewed and approved the "Proposal on Changes to Accounting Policies." The specific details are as follows:
I. Overview of Changes to Accounting Policies
(I) Reason for Change The Ministry of Finance issued the "Notice on Printing and Distributing <Enterprise Accounting Standards Interpretation No. 19>" (Cai Kuai [2025] No. 32) on December 5, 2025, stipulating the accounting treatment for compensatory assets in business combinations not under common control, the accounting treatment for capital reserves related to the disposal of subsidiaries acquired through business combinations under common control, the derecognition of financial liabilities settled through electronic payment systems, the assessment of cash flow characteristics of financial assets and related disclosures, and disclosures of equity instruments designated at fair value through other comprehensive income.
In accordance with the requirements of the above notice, the Company's relevant accounting policies need to be adjusted accordingly.