Securities Code: 002818 Securities Abbreviation: Fusenmei Announcement No.: 2026-017
Chengdu Fusenmei Home Furnishings Co., Ltd. Announcement on Change of Accounting Treatment for Jointly Controlled Entity
The Company and the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and that there are no false representations, misleading statements, or material omissions.
Special Reminder:
- The changes in financial data resulting from the change in accounting treatment are due to the adjustment of accounting methods, resulting in a phased impact on book value, and do not reflect changes in the Company's actual main business operations.
- Investors are advised to view short-term financial fluctuations rationally and be aware of investment risks.
Chengdu Fusenmei Home Furnishings Co., Ltd. (hereinafter referred to as the "Company") held its Seventh Meeting of the Sixth Board of Directors on March 30, 2026, and approved the "Proposal on Changing the Accounting Treatment for Jointly Controlled Entity." It was agreed to change the accounting treatment for its jointly controlled entity, Chengdu Hongming Electronics Co., Ltd. (hereinafter referred to as "Hongming Electronics"), from the equity method, reported under the "Long-term Equity Investments" account, to fair value measurement, reported under the "Financial Assets Held for Trading" account. The specific details are as follows:
I. Overview of the Change in Accounting Treatment for the Jointly Controlled Entity
(I) Reason for Change