301398SZSE

Announcement on Change of Accounting Estimate

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Ningbo Xingyuan Zhuomei Technology Co., Ltd. is changing its accounting estimate for molds, tooling, and inspection tools. Previously expensed upon use, these assets will now be capitalized and depreciated over their useful lives. This change, effective October 1, 2025, is expected to increase net profit by 2.285 million RMB in 2025. The change is deemed to better reflect the company's operating conditions.

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Securities Code: 301398 Convertible Bond Code: 123260 Securities Abbreviation: Xingyuan Zhuomei Convertible Bond Abbreviation: Zhuomei Convertible Bond Announcement No.: 2026-013

Ningbo Xingyuan Zhuomei Technology Co., Ltd. Announcement on Change of Accounting Estimate

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Special Notes:

  1. In accordance with the provisions of "Accounting Standards No. 28 - Changes in Accounting Policies, Accounting Estimates and Correction of Errors," this change will be handled using the prospective application method, and prior period financial statements will not be retrospectively adjusted.
  2. In accordance with the "Listing Rules of the Shenzhen Stock Exchange for GEM Stocks (2026 Revision)" and other relevant regulations, this change in accounting estimate does not require shareholder approval.

Ningbo Xingyuan Zhuomei Technology Co., Ltd. (hereinafter referred to as the "Company") held the 20th meeting of the Third Board of Directors on April 27, 2026, and deliberated and passed the "Proposal on Change of Accounting Estimate." This proposal has been reviewed and approved by the third meeting of the Audit Committee of the Third Board of Directors in 2026. This change in accounting estimate does not require submission to the Company's shareholders' meeting for approval. The specific content is hereby announced as follows:

I. Overview of the Change in Accounting Estimate

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