Securities Code: 301529 Securities Abbreviation: Fucheng Technology Announcement Number: 2026-021 Wuhu Fucheng Technology Co., Ltd. Announcement on Provision for Asset Impairment Losses for 2025 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. Wuhu Fucheng Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company") conducted impairment tests on assets within the scope of the consolidated financial statements for 2025 as of December 31, 2025, in accordance with the "Accounting Standards for Enterprises" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 2 - Norms for Operations of Listed Companies on the ChiNext Market" and other relevant regulations. Provisions for credit impairment and asset impairment were made. The specific details of the impairment provisions made during this reporting period are hereby announced as follows: I. Overview of Asset Impairment Provisions Made During This Reporting Period In accordance with the requirements of the Accounting Standards for Enterprises, the Company conducted a comprehensive review and impairment test of assets with impairment indicators in 2025. The total provision for various asset impairments made was RMB 30.4915 million, as detailed in the table below: Category Credit Impairment Loss Item Bad debt loss on accounts receivable Bad debt loss on other receivables Bad debt loss on notes receivable Bad debt loss on long-term receivables Subtotal Asset Impairment Loss Inventory price decline and contract performance cost impairment loss Total Amount for the Period (RMB million) 1,723.83 145.30 -56.83 62.71 1,875.00 1,174.14 3,049.15 Note 1: The reporting period for the asset impairment provision in this announcement is from January 1, 2025, to December 31, 2025. The asset impairment loss amounts provided above are filled in as positive numbers. Note 2: If the sum of the subtotals and the total in this announcement does not match, it is due to rounding. II. Confirmation Standards and Methods for Asset Impairment Provisions Made During This Reporting Period
- Confirmation Standards and Methods for Provision for Credit Impairment of Receivables For notes receivable, accounts receivable, other receivables, financing receivables, contract assets, and long-term receivables with objective evidence of impairment, or those applicable to individual assessment, impairment tests are performed individually to confirm expected credit losses and make provisions for individual impairments. For notes receivable, accounts receivable, other receivables, financing receivables, contract assets, and long-term receivables without objective evidence of impairment, or when it is not possible to reasonably assess t