Shenzhen Sifang Jingchuang Information Co., Ltd. (hereinafter referred to as "the Company") held the 12th meeting of the 5th Board of Directors on March 30, 2026, and approved the proposal on the provision for asset impairment for the year 2025. The relevant details are announced as follows:
I. Overview of the Asset Impairment Provision
In accordance with the relevant provisions of the "Enterprise Accounting Standards" and the Company's accounting policies, and adhering to the principle of prudence, the Company conducted a comprehensive review of accounts receivable, various inventories, fixed assets, construction in progress, intangible assets, and other assets within the scope of the consolidated financial statements as of December 31, 2025. The Company fully assessed and analyzed the recoverability of accounts receivable, the net realizable value of inventories, and the recoverable amounts of fixed assets, construction in progress, and intangible assets. Based on this analysis, the Company needs to make provisions for impairment on the aforementioned assets that may be impaired.
II. Scope and Total Amount of the Asset Impairment Provision
The asset items for which the Company is making provisions for impairment include accounts receivable, other receivables, contract assets, and inventories, totaling 11.2644 million yuan. Details are as follows: