300351SZSE

Announcement on Provision for Asset Impairment in the First Quarter of 2026

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Zhejiang Yonggui Electric Co., Ltd. announces its provision for asset impairment for Q1 2026, totaling 955.61 million yuan. This includes provisions for credit impairment losses and inventory price decline. The company states this aligns with accounting standards and aims to reflect its financial position more accurately.

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Securities Code: 300351 Bond Code: 123253 Securities Abbreviation: Yonggui Electric Bond Abbreviation: Yonggui Convertible Announcement No.: 2026-030

Zhejiang Yonggui Electric Co., Ltd. Announcement on Provision for Asset Impairment in the First Quarter of 2026

The Company and all members of the Board of Directors guarantee the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

Zhejiang Yonggui Electric Co., Ltd. (hereinafter referred to as the "Company") has, in accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Management Guidelines No. 1 - Business Handling," "Enterprise Accounting Standards," and the Company's accounting policies, and based on the principle of prudence, to more truthfully and accurately reflect the Company's assets and financial status, made provisions for potential impairment losses on relevant assets within the scope of the consolidated financial statements for the first quarter of 2026. The relevant matters are hereby announced as follows:

I. Overview of the Provision for Asset Impairment This Period

(I) Reason for the Provision for Asset Impairment This Period

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