Shenzhen Guanghetong Wireless Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
On March 30, 2026, the Company held the 22nd meeting of the 4th Board of Directors, where it reviewed and approved the proposal regarding the provision for asset impairment for the year 2025. This provision for asset impairment is within the authority of the Board of Directors and does not require submission to the shareholders' meeting for review. The relevant information is hereby announced as follows:
I. Overview of the Provision for Asset Impairment
In accordance with the "Enterprise Accounting Standards" and the "Self-Regulatory Guidelines for Listed Companies of the Shenzhen Stock Exchange No. 1 - Business Handling," and other relevant regulations, to accurately reflect the Company's financial condition, asset value, and operating results as of December 31, 2025, the Company and its subsidiaries conducted a comprehensive review of various assets as of 2024, including inventories, receivables, long-term equity investments, fixed assets, intangible assets, goodwill, and long-term prepaid expenses.
The Company assessed and analyzed the net realizable value of inventories, the recoverability of receivables, the possibility of impairment of long-term equity investments and goodwill, and the realizability of fixed assets, intangible assets, and long-term prepaid expenses, concluding that certain assets showed signs of impairment. Following the principle of prudence, the Company needs to make provisions for potential asset impairment losses.
After a comprehensive review and impairment testing of assets that may show signs of impairment as of the end of 2025 (including receivables, various inventories, fixed assets, long-term equity investments, goodwill, intangible assets, and long-term prepaid expenses), the Company confirmed a total impairment provision of 20,315,650.52 yuan for the year 2025. As of December 31, 2025, the total balance of asset impairment provisions will amount to 86,725,767.18 yuan, detailed as follows:
| Item | Beginning Balance | Increase This Period | Decrease This Period | Ending Balance |
|---|---|---|---|---|
| Bad Debt Provision | 47,668,639.88 | -4,278,038.33 | -243,947.83 | 42,819,923.83 |
| Inventory Write-down | 43,909,654.39 | 24,593,688.85 | -39,474,910.66 | 29,021,938.24 |
| Goodwill Impairment | 14,883,905.11 | - | - | 14,883,905.11 |
| Total | 106,462,199.38 | 20,315,650.52 | -39,718,858.49 | 86,725,767.18 |