002455SZSE

Announcement on Changes to Accounting Policies

✨ AI Summary

Jiangsu Baichuan High-Tech Materials Co., Ltd. announces a change in accounting policies based on the Ministry of Finance's "Accounting Standards Interpretation No. 20". This change, effective from January 1, 2026, is not expected to materially impact the company's financial position or results. The board and audit committee have reviewed and approved the change.

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Full Translation

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Securities Code: 002455

Securities Abbreviation: Baichuan Shares

Announcement Number: 2026-063

Jiangsu Baichuan High-Tech Materials Co., Ltd.

Announcement on Changes to Accounting Policies

The Company and all members of the Board of Directors guarantee the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

Key Information Reminder:

This change in accounting policies is a corresponding change made by the Company 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"). It will not have a significant impact on the financial position, operating results, and cash flows of Jiangsu Baichuan High-Tech Materials Co., Ltd. (hereinafter referred to as the "Company"). After being approved by the Board of Directors, this change in accounting policies does not need to be submitted to the Company's shareholders' meeting for deliberation. The details are as follows:

I. Overview of the Change in Accounting Policies

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