The company and its board of directors ensure that the contents of this announcement are true, accurate, complete, and free from any false records, misleading statements, or material omissions.
I. Overview of Credit Impairment and Asset Impairment Provisions
The company plans to provide for credit impairment and asset impairment in 2025, primarily for receivables and other income and expenses. The total provision for credit impairment is CNY 801,847,460.85, while the provision for asset impairment is CNY 1,382,675,123.93. In summary, the total provision for credit impairment and asset impairment for 2025 is CNY 2,184,522,584.78, detailed as follows: