Securities Code: 002420 Securities Abbreviation: Yichang Technology Announcement No.: 2026-017
Guangzhou Yichang Technology Co., Ltd.
Announcement on Provision for Asset Impairment, Write-off of Bad Debts, and Write-off of Liabilities for 2025
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Guangzhou Yichang Technology Co., Ltd. (hereinafter referred to as the "Company") held its 27th meeting of the Sixth Board of Directors on April 23, 2026, and deliberated and passed the "Proposal on Provision for Asset Impairment, Write-off of Bad Debts, and Write-off of Liabilities for 2025". According to the "Listing Rules of the Shenzhen Stock Exchange" and the Company's relevant regulations, this proposal needs to be submitted to the Shareholders' Meeting for deliberation. The relevant situation is hereby announced as follows:
I. Overview of the Provision for Asset Impairment This Time
(I) Reasons for the Provision for Asset Impairment This Time
In accordance with the "Enterprise Accounting Standards", "Shenzhen Stock Exchange Main Board Listed Company Self-Regulatory Management Guidelines No. 1 - Standardized Operation of Main Board Listed Companies", "Articles of Association" and other relevant regulations, in order to truthfully and accurately reflect the Company's financial status, asset value, and operating results as of December 31, 2025, based on the principle of prudence, the Company conducted a comprehensive inspection and impairment test on various assets. The Company has made corresponding impairment provisions for relevant assets within the scope of the consolidated financial statements as of December 31, 2025.