Zhengwei New Materials Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or significant omissions.
In accordance with the "Enterprise Accounting Standards" and the "Self-Regulatory Guidelines for Listed Companies No. 2 - Standard Operation of Growth Enterprise Market Listed Companies," as well as relevant provisions of the company's accounting policies, the Company has conducted an assessment and analysis of assets requiring impairment provisions within the scope of the consolidated financial statements, adhering to the principle of prudence. The specific circumstances are announced as follows:
I. Overview of the Provision for Impairment
To accurately reflect the Company's financial condition, asset value, and operational status, and in line with the principle of prudence, the Company has conducted a comprehensive inventory of various assets within the consolidated scope as of December 31, 2025. After thorough evaluation and analysis, the Company has made provisions for impairment on assets that may incur impairment losses. After conducting impairment tests on assets showing signs of impairment within the consolidated financial statements, the total impairment losses for the year 2025 amount to CNY 284.37 million, detailed as follows: