Zhejiang Century Huatong Group Co., Ltd. (hereinafter referred to as "the Company") guarantees that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The Company convened the 19th meeting of the 6th Board of Directors on April 28, 2026, and approved the proposal on the provision for asset impairment. The total provision for various asset impairments for the year 2025 is RMB 41,801.64 million, and the specific situation is announced as follows:
I. Overview of Asset Impairment Provision
- The reason for the provision for asset impairment is to fairly reflect the Company's financial status as of December 31, 2025, and the operational results for 2025. The Company assessed the assets that require impairment losses and credit impairment losses as of December 31, 2025, in accordance with the relevant provisions of the accounting standards for enterprises and the Company's accounting policies.
- The specific situation of the related asset impairment provisions is as follows. After assessment and testing, the Company recognized a total of RMB 41,801.64 million in various long-term asset impairment losses, credit impairment losses, and inventory write-downs for the year 2025, detailed as follows:
| Asset Impairment and Loss Provision Item | Amount for the Year (RMB 10,000) |
|---|---|
| Credit Impairment Loss | 20,360.10 |
| Long-term Asset Impairment Loss | 18,765.70 |
| Inventory Write-down Loss | 2,675.84 |
| Total | 41,801.64 |