Shenzhen Tianjian Electric Sound Co., Ltd. (hereinafter referred to as "the Company") has made provisions for asset impairment losses and credit impairment losses for the year 2025 in accordance with the "Enterprise Accounting Standards" and the "Self-Regulatory Guidelines for Listed Companies No. 2 - Standardized Operations of GEM Listed Companies" and other relevant regulations. The details are as follows:
1. Reasons for Provisioning Asset Impairment Losses and Credit Impairment Losses
The provisions are made to accurately reflect the company's financial condition and operational results, following the principle of prudence. As of December 31, 2025, the Company conducted a comprehensive review of receivables, inventory, other equity investments, fixed assets, long-term equity investments, construction in progress, and intangible assets, assessing the possibility of impairment for each asset and the net realizable value of various inventories, and made provisions for potential impairment losses.
2. Scope and Total Amount of Provisioning
After a comprehensive review and impairment testing of assets that may show signs of impairment as of December 31, 2025, the total provision for asset impairment losses and credit impairment losses for 2025 amounts to CNY 15,444,480.97. Details are as follows:
| Item | Current Year Provision | Previous Year Provision |
|---|---|---|
| Credit Impairment Loss | -5,129,179.88 | -10,135.20 |
| - Bad Debt Loss on Receivables | -5,027,343.15 | -1,308,882.64 |
| - Bad Debt Loss on Other Receivables | -101,836.73 | 1,298,747.44 |
| Asset Impairment Loss | 20,573,660.85 | 22,238,218.36 |
| - Inventory Write-down Loss | 20,573,660.85 | 22,238,218.36 |
| Total | 15,444,480.97 | 22,228,083.16 |
Note: The above table lists impairment losses as positive numbers and reversals of impairment losses as negative numbers.