Z-O-U Home Technology Co., Ltd. Announcement on Provision for Asset Impairment in 2025
The company and the entire board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
In accordance with the "Guideline No. 2 for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange – Standardized Operation of GEM Companies," "Enterprise Accounting Standards," and relevant accounting system regulations, Z-O-U Home Technology Co., Ltd. (hereinafter referred to as the "Company"), adhering to the principle of prudence, has assessed and analyzed various assets of the Company and its subsidiaries. Provisions for impairment losses are made for assets where impairment losses are expected. The relevant situation is hereby announced as follows:
I. Overview of the Provision for Asset Impairment
(I) Reason for the Provision for Asset Impairment
In accordance with the "Enterprise Accounting Standards" and the Company's accounting policies, the Company and its subsidiaries conducted a comprehensive review of various assets as of the end of 2025, including inventory, accounts receivable, fixed assets, construction in progress, right-of-use assets, intangible assets, and long-term equity investments. The net realizable value of various inventories, the collectibility of accounts receivable, and the realizable value of fixed assets and intangible assets were fully assessed and analyzed. It is believed that some of these assets show signs of impairment, and the Company needs to make provisions for impairment losses on relevant assets.
(II) Scope and Total Amount of Assets for Provision for Asset Impairment
After a comprehensive review and impairment test of assets with signs of impairment as of the end of 2025 (including inventory, accounts receivable, fixed assets, construction in progress, right-of-use assets, intangible assets, and long-term equity investments), the Company and its subsidiaries have made provisions for asset impairment totaling RMB 65,749,897.07 for 2025. The details are as follows: