Securities Code: 301120 Securities Abbreviation: Xinhua Special Electric Announcement No.: 2026-023
Xinhua Special Electric Co., Ltd. Announcement on Changes to Accounting Policies
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Xinhua Special Electric Co., Ltd. (hereinafter referred to as the "Company" or "Xinhua Special Electric") is changing its accounting policies in accordance with the requirements of the "Reply to the Issuance of 'Enterprise Accounting Standards Interpretation No. 19'" (Cai Kuai [2025] No. 32) issued by the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"), the details are as follows:
I. Overview of Changes to Accounting Policies
(I) Content and Reasons for Change