Shanghai Runxin Technology Co., Ltd.
Announcement on Provision for Asset Impairment Losses for 2025
The Company and all members of its Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Shanghai Runxin Technology Co., Ltd. (hereinafter referred to as the "Company") held the ninth meeting of the fifth Board of Directors on April 24, 2026, and reviewed and approved the "Proposal on Provision for Asset Impairment Losses and Write-off of Bad Debts for 2025". In 2025, the Company plans to provide for asset impairment losses totaling RMB 14.2722 million (hereinafter referred to as "This Provision for Asset Impairment Losses"). In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Supervision Guidelines No. 1 - Business Handling," and other relevant laws and regulations, the details of this provision for asset impairment losses are hereby announced as follows:
I. Overview of This Provision for Asset Impairment Losses
In accordance with the "Accounting Standards for Business Enterprises" and the Company's accounting policies, the Company, adhering to the principle of prudence, conducted impairment tests on assets such as accounts receivable, other receivables, notes receivable, inventory, fixed assets, and intangible assets within the scope of the consolidated financial statements as of the end of 2025. It identified signs of potential impairment and determined the asset items requiring provision for impairment losses.
In 2025, the Company plans to provide a total of RMB 14.2722 million for asset impairment losses. Among them, RMB 214.17 million for accounts receivable will be reversed, RMB 0.16 million for notes receivable will be provided, RMB 1,641.23 million for inventory will be provided, and the details of this period's provision and reversal of asset impairment losses are as follows:
Unit: RMB million