Announcement on Provision for Asset Impairment
1. Overview of the Provision for Asset Impairment
Shenzhen Ling Electric Co., Ltd. (hereinafter referred to as "the Company") has made a provision for asset impairment in accordance with the "Shenzhen Stock Exchange GEM Listing Rules," "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for Listed Companies on the GEM," "Accounting Standard for Enterprises No. 8 - Asset Impairment," and the Company's relevant accounting policies. Based on the principle of prudence, to more accurately reflect the Company's assets and financial status, impairment tests were conducted on various receivables, inventories, and other assets within the scope of the consolidated financial statements as of December 31, 2025. The total provision for asset impairment for the year 2025 amounts to RMB 8,335,211.36. The details are as follows:
| Item | Amount (RMB) |
|---|---|
| (1) Credit Impairment Loss | -1,130,088.36 |
| - Bad Debt Provision for Accounts Receivable | -1,261,295.78 |
| - Bad Debt Provision for Notes Receivable | 68,280.93 |
| - Bad Debt Provision for Other Receivables | 62,926.49 |
| (2) Asset Impairment Loss | -7,205,123.00 |
| - Provision for Inventory Decline | -7,205,123.00 |
| Total | -8,335,211.36 |
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.