Shandong Daosen High-Performance Materials Co., Ltd. (hereinafter referred to as "the Company") convened the 34th meeting of the fifth board of directors on March 27, 2026, and approved the proposal regarding the provision for asset impairment for 2025. The current announcement is as follows:
I. Provision for Asset Impairment Situation
According to the "Enterprise Accounting Standards" and the relevant policies of the Company, in order to provide a true and fair view of the financial situation, the Company has assessed the financial status as of December 31, 2025, and conducted impairment testing on the existing assets. After evaluation, it is estimated that the total provision for asset impairment for 2025 will be approximately 37,483,400 yuan. The details are as follows:
| Item | Amount (10,000 yuan) |
|---|---|
| 1. Credit Impairment Loss | 1,647.04 |
| Of which: Accounts Receivable Impairment | 478.42 |
| Other Receivables Impairment | 1,122.61 |
| Other Receivables | 46.01 |
| 2. Inventory Impairment Loss | 2,101.30 |
| Of which: Inventory Impairment | 2,101.30 |
II. Explanation of Credit Impairment Loss
The Company estimates the credit impairment loss based on the expected credit loss model, considering the amount of financial assets and other comprehensive income. The expected credit loss refers to the risk of default on financial assets, which is assessed based on historical experience and future economic conditions. The estimated credit impairment loss for this period is 1,647.04 million yuan.