Securities Code: 002429 Securities Abbreviation: Topband Announcement No.: 2026-028
Shenzhen Topband Co., Ltd. Announcement on Changes to Accounting Policies
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Special Note: Shenzhen Topband Co., Ltd. (hereinafter referred to as the "Company") is changing its accounting policies in accordance with the relevant enterprise accounting standards interpretations issued by the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"). This change does not require review and approval by the Company's Board of Directors and Shareholders' Meeting. This change in accounting policies will not have a significant impact on the Company's current financial position, operating results, and cash flows.
I. Overview of Changes in Accounting Policies
- Reason and Date of Change in Accounting Policies
The Ministry of Finance issued the "Notice on Printing and Distributing <Enterprise Accounting Standards Interpretation No. 19>" (Cai Kuai [2025] No. 32) (hereinafter referred to as "<Enterprise Accounting Standards Interpretation No. 19>") on December 5, 2025. This interpretation stipulates the accounting treatment for compensatory assets in business combinations under non-common control, the accounting treatment for capital reserves obtained from the disposal of subsidiaries in business combinations under common control, the recognition and derecognition of financial assets and financial liabilities, the assessment of the contractual cash flow characteristics of financial assets, and the disclosure of equity instruments designated at fair value through other comprehensive income. These provisions are effective from January 1, 2026. In accordance with the requirements of the aforementioned documents, the Company has made corresponding changes to its accounting policies. The Company will implement the revised accounting policies from January 1, 2026.