Special Reminder: This announcement regarding changes in accounting policies relates to Shandong Daoxin High-Performance Materials Co., Ltd. (hereinafter referred to as "the Company"). It is based on the relevant regulations issued by the Ministry of Finance of the People's Republic of China (hereinafter referred to as "the Ministry") concerning the requirements for changes in accounting policies, in accordance with the "Enterprise Accounting Standards" and related legal provisions.
- Overview of Changes in Accounting Policies
(1) Reasons for Changes in Accounting Policies
The Ministry issued Notice No. 19 regarding the interpretation of the "Enterprise Accounting Standards" on December 5, 2025 (hereinafter referred to as "the Notice"). It stipulates that "the financial asset management plan's cash flow characteristics and related guidance" and "the guidelines for public company valuation" will take effect on January 1, 2026.
Based on the above-mentioned interpretation of the accounting standards, the Company will make corresponding changes to its accounting policies.
(2) Timing of Changes in Accounting Policies
The Company will implement the changes in accounting policies starting from the date specified in the above-mentioned Notice.
(3) Accounting Policies Used Before Changes
After the changes in accounting policies, the Company will continue to implement the relevant provisions of the "Enterprise Accounting Standards" and specific accounting standards.
(4) Accounting Policies Adopted After Changes