Joyvio Food Co., Ltd.
Announcement on Unrecognized Losses Reaching One-Third of Paid-in Capital
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
Joyvio Food Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the Audit Committee of the Fifth Board of Directors on March 12, 2026, and the nineteenth meeting of the Fifth Board of Directors on March 13, 2026. The proposal "Proposal on Unrecognized Losses Reaching One-Third of Paid-in Capital" was deliberated and approved. This proposal needs to be submitted to the Company's 2025 Annual Shareholders' Meeting for deliberation. The specific situation is as follows:
I. Overview
According to the audit report XYZH/2026BJAA11B0079 issued by ShineWing Certified Public Accountants (Special General Partnership), as of December 31, 2025, the Company's unrecognized losses (consolidated statements) were -501,931.05 million yuan, and its paid-in capital was 17,420.00 million yuan. The amount of unrecognized losses has exceeded one-third of the total paid-in capital. In accordance with the "Company Law," "Articles of Association," and other relevant regulations, this matter needs to be submitted to the Company's shareholders' meeting for deliberation.
II. Reasons for Losses