Shenzhen Hongfuhan Technology 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, with no false records, misleading statements, or significant omissions.
In accordance with the "Enterprise Accounting Standards," "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Companies," and other relevant regulations, the Company has conducted a comprehensive review and impairment testing of various assets within the consolidated financial statements as of December 31, 2025, based on the principle of prudence. The Company has made corresponding impairment provisions for assets that may incur impairment losses. According to the relevant regulations, this provision for asset impairment does not require submission for Board of Directors or shareholders' meeting review. The relevant situation is announced as follows:
1. Overview of the Asset Impairment Provision
For the year 2025, the assets for which the Company has made impairment provisions include notes receivable, accounts receivable, other receivables, long-term receivables, other current assets, inventory, and contract assets, with a total impairment provision amounting to 15,361,462.32 yuan. The specific details are as follows:
| Category | Item | Current Period Amount (Positive indicates loss, negative indicates reversal) |
|---|---|---|
| Credit Impairment Loss | Notes Receivable and Accounts Receivable | -3,576,232.19 |
| Other Receivables | 881,132.97 | |
| Long-term Receivables | -42,587.90 | |
| Other Current Assets | 3,850,000.00 | |
| Asset Impairment Loss | Inventory | 14,309,538.75 |
| Contract Assets | -60,389.31 | |
| Total | 15,361,462.32 |
2. Explanation of the Asset Impairment Provision
According to the "Enterprise Accounting Standards" and the Company's accounting policies, the impairment provision for various assets in this period is as follows: