Stock Code: 002377 Stock Abbreviation: Guochuang High-tech Announcement Number: 2026-11
Hubei Guochuang High-tech Materials Co., Ltd. Announcement on Accounting Policy Change
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 Notice: This accounting policy change is a corresponding adjustment made by Hubei Guochuang High-tech Materials Co., Ltd. (hereinafter referred to as the "Company") in accordance with the relevant regulations of the Ministry of Finance, and does not require submission to the Company's Board of Directors and Shareholders' Meeting for deliberation. This accounting policy change will not have a significant impact on the Company's financial position, operating results, and cash flows, nor will it harm the interests of the Company and its shareholders.
I. Overview of Accounting Policy Change
(I) Reason for Accounting Policy Change and Effective Date On December 5, 2025, the Ministry of Finance issued "Enterprise Accounting Standards Interpretation No. 19" (Cai Kuai [2025] No. 32), which stipulates the accounting treatment for "compensating assets in business combinations not under common control," "accounting treatment for relevant capital reserves when disposing of subsidiaries acquired through business combinations under common control," "derecognition of financial liabilities settled by electronic payment systems," "assessment of financial asset contractual cash flow characteristics and related disclosures," and "disclosure of equity instruments designated at fair value through other comprehensive income," among other related matters. In accordance with the aforementioned relevant standards and notices from the Ministry of Finance, the Company will implement the above Enterprise Accounting Standards Interpretation from January 1, 2026.