Securities Code: 002911 Securities Abbreviation: Foshan Energy Announcement Number: 2026-020 Foshan Energy Group Co., Ltd. Announcement on the Change of Accounting Estimate
The Company and its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false statements, misleading representations, or material omissions.
Special Notice:
- In accordance with the provisions of "Accounting Standards for Business Enterprises No. 28 — Changes in Accounting Policies, Accounting Estimates and Correction of Errors," this accounting estimate change will be accounted for using the prospective application method. No retrospective adjustment to previously disclosed financial reports is required, and it will not affect the Company's financial position and operating results for previous years.
- This accounting estimate change has been reviewed and approved by the 28th meeting of the 6th Board of Directors and does not require submission to the Company's shareholders' meeting for deliberation.
Foshan Energy Group Co., Ltd. (hereinafter referred to as the "Company") reviewed and approved the "Proposal on the Change of Accounting Estimate" at the 28th meeting of its 6th Board of Directors held on March 23, 2026, to change the accounting estimate for the amortization period of capacity fees for gas pipeline users in Foshan City. The details are as follows: