Announcement of Accounting Policy Change by Jiyang Holding Group Co., Ltd.
Jiyang Holding Group Co., Ltd. (hereinafter referred to as "the Company") has changed its accounting policies in accordance with the requirements of the Ministry of Finance of the People's Republic of China (hereinafter referred to as "the Ministry of Finance") as outlined in the "Interpretation No. 17 of the Enterprise Accounting Standards" (Cai Kuai [2023] No. 21), "Interim Provisions on Accounting Treatment Related to Enterprise Data Resources" (Cai Kuai [2023] No. 11), and "Interpretation No. 18 of the Enterprise Accounting Standards" (Cai Kuai [2024] No. 24). This change in accounting policy is made in accordance with legal regulations and the national unified accounting system, and does not require submission for review by the Company's board of directors, supervisory board, or shareholders' meeting. The specific matters are announced as follows: