Shenzhen Tachyon Communication Co., Ltd. (hereinafter referred to as "the Company") held the 14th meeting of the 5th Board of Directors on March 27, 2025, where it reviewed and approved the proposal regarding the provision for credit and asset impairment for the year 2025. In accordance with the relevant laws and regulations, including the "Shenzhen Stock Exchange GEM Listing Rules" and "Self-Regulatory Guidelines No. 2 for Listed Companies on the GEM - Standardized Operations," the Company hereby announces the specific circumstances of the provision for credit and asset impairment for the year 2025 as follows:
I. Provision for Credit and Asset Impairment
(1) Reasons for the Provision
To accurately reflect the Company's financial status and asset value, the Company conducted a comprehensive review of various assets, including inventories, receivables, long-term equity investments, fixed assets, construction in progress, and intangible assets, within the scope of the consolidated financial statements as of the end of 2025. Assets showing potential impairment signs were thoroughly assessed and analyzed, and credit and asset impairment tests were conducted. Based on the results of the impairment tests, the management, adhering to the principle of prudence, made provisions for impairment losses on relevant assets.
(2) Scope and Amount of the Provision
The main asset items for which the Company made provisions for credit and asset impairment in the consolidated financial statements for 2025 include accounts receivable, other receivables, inventories, and contract assets. Based on the impairment test results, the total provision for credit and asset impairment for 2025 amounts to CNY 37,909,288.46, detailed as follows: