Securities Code: 002379 Securities Abbreviation: Hongqiao Holdings Announcement No.: 2026-037
Shandong Hongqiao Aluminum Holdings 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 material omissions.
Special Notice: Shandong Hongqiao Aluminum Holdings Co., Ltd. (hereinafter referred to as the "Company") has made corresponding changes to its accounting policies in accordance with the relevant regulations issued by the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"). This change in accounting policies has been deliberated and approved by the Seventh Audit Committee of the Seventh Board of Directors at its third meeting in 2026 and by the Seventh Board of Directors at its first extraordinary meeting in 2026. It does not require submission to the shareholders' meeting for approval and will not have a significant impact on the Company's financial position, operating results, and cash flows.
I. Overview of Changes to Accounting Policies
(I) Reasons for Change and Effective Date On December 5, 2025, the Ministry of Finance issued "Accounting Interpretation No. 19" (Cai Kuai [2025] No. 32), which stipulates 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 acquired through business combinations under common control, the derecognition of financial liabilities settled by electronic payment systems, the assessment of cash flow characteristics of financial assets and related disclosures, and the disclosure of equity instruments designated at fair value through other comprehensive income. These provisions will take effect from January 1, 2026. In accordance with the above accounting standards interpretation, the Company needs to adjust its relevant accounting policies and will implement the above enterprise accounting standards from January 1, 2026.