Guangdong Feinan Resource Utilization Co., Ltd.
Announcement No.: 2026-026
The company and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Overview of the Asset Impairment Provision
To accurately reflect the financial condition, asset value, and operational status of Guangdong Feinan Resource Utilization Co., Ltd. (hereinafter referred to as "the Company"), and in accordance with the principle of prudence, the Company has conducted a comprehensive review of accounts receivable, other receivables, inventory, other equity instruments, long-term equity investments, fixed assets, construction in progress, and intangible assets as of March 31, 2026. The Company has fully assessed and analyzed various assets and made provisions for impairment losses where applicable. According to the relevant laws and regulations, including the Shenzhen Stock Exchange GEM Listing Rules, this impairment provision does not require submission for review by the board of directors or shareholders' meeting.
II. Scope and Total Amount of the Impairment Provision
| Impairment Item | Amount for the Period (Unit: Yuan) |
|---|---|
| Accounts Receivable - Bad Debt Provision | -2,677,594.26 |
| Among them: Notes Receivable - Bad Debt Provision | 865.13 |
| Accounts Receivable - Bad Debt Provision | -3,319,227.77 |
| Other Receivables - Bad Debt Provision | 640,768.38 |
| Inventory Write-down Provision | 33,900,393.89 |
| Total | 31,222,799.63 |
Note: The above impairment provision data has not been audited.