Shenzhen Tianjian Electric Sound Co., Ltd. (hereinafter referred to as "the Company") has made provisions for impairment losses on relevant assets in the consolidated financial statements for the first quarter of 2026 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 announced as follows:
I. Reasons for the Provision of Asset Impairment Losses and Credit Impairment Losses
The provision for asset impairment losses and credit impairment losses is made to accurately reflect the company's financial condition and operational results, adhering to the principle of prudence. As of March 31, 2026, the Company conducted a comprehensive review of accounts receivable, inventory, other equity instrument investments, fixed assets, long-term equity investments, construction in progress, intangible assets, and other assets, assessing the possibility of impairment for each asset and the net realizable value of various inventories, and made provisions for potential impairment losses.
II. Scope and Total Amount of the Provision
After a comprehensive review and impairment testing of assets that may show signs of impairment as of March 31, 2026, the total provision for asset impairment losses and credit impairment losses for the first quarter of 2026 amounts to 8,901,392.30 yuan. Details are as follows:
| Item | Amount (yuan) |
|---|---|
| 1. Credit Impairment Loss | 1,770,889.68 |
| - Bad debt loss on accounts receivable | 1,891,251.39 |
| - Bad debt loss on other receivables | -120,361.71 |
| 2. Asset Impairment Loss | 7,130,502.62 |
| - Inventory write-down loss | 7,130,502.62 |
| Total | 8,901,392.30 |
Note: The above table lists impairment losses as positive numbers, and reversals of impairment losses as negative numbers.