Announcement on Provision for Credit and Asset Impairment Losses for Q4 2025

1. The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
   • Stock Code: 301052
   • Stock Abbreviation: Guomai Culture
   • Announcement No.: 2026-025

Announcement on Provision for Credit and Asset Impairment Losses for Q4 2025

Guomai Culture Media Co., Ltd. (hereinafter referred to as "the Company") held the 10th meeting of the Audit Committee of the 3rd Board of Directors and the 15th meeting of the 3rd Board of Directors on March 30, 2026. The meetings reviewed and approved the proposal on the provision for credit and asset impairment losses for Q4 2025.

According to the "Self-Regulatory Guidelines for Listed Companies No. 2 - Standardized Operations of Growth Enterprise Market Listed Companies" and the Company's accounting policies, based on the principle of prudence, to more accurately reflect the Company's asset and financial status as of December 31, 2025, the Company has increased the credit impairment losses and asset impairment losses by a total of 13.564 million yuan for Q4 2025. The specific situation is announced as follows:

I. Overview of the Provision for Credit and Asset Impairment Losses

(1) Reasons for the Provision

In accordance with the relevant provisions of the "Enterprise Accounting Standards" and the Company's accounting policies, to fairly reflect the value of various assets, the Company conducted impairment testing on all assets as of December 31, 2025. When the estimated net realizable value of the assets is lower than their book value, the relevant credit and asset impairment provisions are recognized or measured.

(2) Scope and Total Amount of the Provision

The total credit and asset impairment losses increased by the Company for Q4 2025 amount to 13.564 million yuan. The specific details of the impairment provisions are as follows (unit: ten thousand yuan):

II. Confirmation Standards and Provision Methods for Credit and Asset Impairment Losses

(1) Confirmation Standards and Provision Methods for Expected Credit Losses

The Company measures financial assets at amortized cost based on expected credit losses. For financial assets classified as measured at amortized cost, financial assets measured at fair value with changes recognized in other comprehensive income, lease receivables, contract assets, and financial guarantee contracts, impairment accounting treatment is performed, and loss provisions are recognized. Expected credit losses refer to the weighted average of credit losses of financial instruments weighted by the risk of default.

Credit losses refer to the present value of the difference between all contractual cash flows due and expected cash flows, discounted at the original effective interest rate. For financial assets that have experienced credit impairment, the actual interest rate adjusted for credit should be used for discounting. For receivables arising from transactions governed by revenue standards, the Company uses a simplified measurement method to measure loss provisions equivalent to the expected credit losses over the entire duration.

For financial assets that have experienced credit impairment, only the cumulative changes in expected credit losses over the entire duration since initial recognition are recognized as loss provisions on the balance sheet date. On each balance sheet date, the change in expected credit losses over the entire duration is recognized as impairment losses or gains in the current profit and loss. Even if the expected credit losses determined on that balance sheet date are lower than the amount reflected in the estimated cash flows at initial recognition, favorable changes in expected credit losses will still be recognized as impairment gains.