Announcement on Changes in Accounting Policies
Company Code: 002408 Bond Code: 128128 Company Abbreviation: Qixiang Tengda Bond Abbreviation: Qixiang Zhuan 2 Announcement Number: 2026-012
Zibo Qixiang Tengda Chemical Co., Ltd. Announcement on Changes in Accounting Policies
The Company and its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or major omissions.
Key Information Prompt: This change in accounting policies is made in accordance with the relevant regulations issued by the China Securities Regulatory Commission and the Ministry of Finance. The change will not have a significant impact on the financial position, operating results, or cash flows of Zibo Qixiang Tengda Chemical Co., Ltd. (hereinafter referred to as the "Company"), nor will it harm the interests of the Company and its shareholders.
I. Overview of Changes in Accounting Policies
(I) Reason for Change and Effective Date
On July 18, 2025, the China Securities Regulatory Commission issued "Regulatory Rules Application Guide – Accounting Class No. 5" (hereinafter referred to as "Accounting Class No. 5"), which further clarified the initial recognition exemption related to deferred income tax under the "Enterprise Accounting Standards No. 18 – Income Tax" issued by the Ministry of Finance. Accounting Class No. 5 pointed out that regulatory practice has found that some companies issuing convertible bonds have misunderstandings and disagreements regarding whether to recognize deferred income tax liabilities related to the issuance of convertible bonds. Accounting Class No. 5 clarified the treatment opinion on this issue, and the Company needs to apply this normative document.