Guangdong Tuosida Technology Co., Ltd. (hereinafter referred to as "the Company") held the 33rd meeting of the 4th Board of Directors on March 27, 2026, where it reviewed and approved the proposal regarding the provision for asset impairment and write-off of assets for the year 2025. This proposal does not require submission to the shareholders' meeting for approval. In accordance with relevant regulations, the Company announces the details of the provision for asset impairment and write-off of assets as follows:
I. Overview of the Provision for Asset Impairment and Write-off of Assets
In accordance with the "Enterprise Accounting Standards," "Shenzhen Stock Exchange GEM Listing Rules," and "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 - Business Handling," the Company conducted a comprehensive review of accounts receivable, other receivables, inventory, long-term equity investments, investment properties, fixed assets, construction in progress, intangible assets, goodwill, and other assets that may show signs of impairment as of December 31, 2025. The Company assessed the recoverability of receivables, the net realizable value of inventory, and the recoverable amounts of long-term equity investments, investment properties, fixed assets, construction in progress, intangible assets, and goodwill. Based on the assessment and analysis results, it was determined that certain assets had incurred impairment, necessitating the provision for asset impairment. After verification, 56 accounts receivable from customers who have gone bankrupt or are unlikely to be recovered were written off, with a total amount of 16,951,512.29 yuan.
II. Scope and Total Amount of the Provision for Asset Impairment and Write-off of Assets
(1) Provision for Asset Impairment
Based on the results of the asset impairment testing, the assets requiring impairment provision for the year 2025 (from January to December 2025) mainly include inventory, contract assets, accounts receivable, other receivables, notes receivable, long-term receivables, and goodwill. The details are as follows: