Special Explanation on Correction of Significant Accounting Errors
No. 260000231
To all shareholders of Jiangsu Baoxin Technology Co., Ltd.:
We have audited the financial statements of Jiangsu Baoxin Technology Co., Ltd. (hereinafter referred to as Baoxin Technology) for the year 2025. In accordance with the "Rules for Information Disclosure and Reporting for Publicly Issued Securities No. 19 - Correction of Financial Information and Related Disclosures" and relevant regulations of the Shenzhen Stock Exchange, we hereby issue this special explanation regarding the correction of significant errors in Baoxin Technology's previous financial statements. It is the responsibility of Baoxin Technology to prepare and disclose the corrections accurately and ensure their authenticity, legality, and completeness. Apart from the audit procedures related to the correction of significant errors performed during the audit of Baoxin Technology's 2025 financial statements, we have not performed additional audit procedures on the contents described in this special explanation. For a better understanding of the corrections made by Baoxin Technology for the year 2025, this special explanation should be read in conjunction with the audited financial statements.
Explanation of Significant Errors Corrected in Previous Periods
Reasons for Correction of Significant Errors
During the self-examination of litigation disputes with customers, Baoxin Technology reviewed the actual performance of contracts and related accounting treatments, discovering that certain operating revenues for 2022 and 2023 needed adjustments, which will impact the 2024 financial statements and require simultaneous adjustments. The company has corrected the accounting errors identified in the relevant years.