Securities Code: 002383 Securities Abbreviation: HZST Announcement No.: 2026-018
Beijing HZST Technology Co., Ltd. Announcement on Provision for Asset Impairment and Write-off of Assets for 2025
The Company and all members of its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Beijing HZST Technology Co., Ltd. (hereinafter referred to as the "Company") held the 11th Extraordinary Independent Directors' Special Committee Meeting of the Sixth Board of Directors, the 12th Audit Committee Meeting of the Sixth Board of Directors, and the 20th Meeting of the Sixth Board of Directors on April 22, 2026. The "Proposal on Provision for Asset Impairment and Write-off of Assets for 2025" was deliberated and approved. The relevant matters are hereby announced as follows:
I. Overview of Provision for Asset Impairment and Asset Write-off
- Reason for Provision for Asset Impairment
In accordance with the relevant provisions of the "Accounting Standards for Business Enterprises," the Company conducted a comprehensive review of relevant assets such as accounts receivable, other receivables, inventory, intangible assets, long-term equity investments, and goodwill of the Company and its subsidiaries as of December 31, 2025. The impairment signs of the value of these assets were thoroughly analyzed and evaluated. After impairment testing, it was found that some of these assets showed signs of impairment. In accordance with the prudence principle, provisions for asset impairment losses were made for assets that may incur impairment losses.