Announcement on Changes in Accounting Policies
Special Reminder: This change in accounting policies is made by the company in accordance with the Ministry of Finance of the People's Republic of China (hereinafter referred to as "the Ministry") notice on the issuance of "Interpretation No. 19 of the Enterprise Accounting Standards" (Cai Kuai [2025] No. 32, hereinafter referred to as "Interpretation No. 19"). This change will not affect the company's financial position, operating results, or cash flows, and there is no harm to the interests of the company and its shareholders.
Shenzhen Kaizhong Precision Technology Co., Ltd. (hereinafter referred to as "the Company") is making changes to its accounting policies in accordance with the requirements of Interpretation No. 19 issued by the Ministry, without the need for submission to the board of directors or the shareholders' meeting for review. The specific circumstances are as follows.