Shenzhen SanTai E-commerce Co., Ltd. Announcement on Provision for Asset Impairment in 2025
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
To truthfully, accurately, and objectively reflect the financial position and operating results of Shenzhen SanTai E-commerce Co., Ltd. (hereinafter referred to as the "Company"), in accordance with the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operation of GEM Listed Companies," "Enterprise Accounting Standards," and other relevant regulations, the Company, adhering to the principle of prudence, has assessed and analyzed various assets of the Company and its subsidiaries, and has made provisions for impairment losses on assets where impairment is likely to occur. The relevant situation is hereby announced as follows:
I. Overview of the Provision for Asset Impairment This Time
- Reason for the Provision for Asset Impairment This Time
The Company's provision for asset impairment this time is made in accordance with the "Enterprise Accounting Standards" and the Company's accounting policies. The Company and its subsidiaries have conducted a comprehensive review of various receivables, inventory, long-term equity investments, fixed assets, and intangible assets for the year 2025. They have fully assessed and analyzed the recoverability of various receivables, the net realizable value of inventory, the possibility of impairment of long-term equity investments, and the recoverability of fixed assets and intangible assets, concluding that some of these assets show signs of impairment. Adhering to the principle of prudence, the Company needs to make provisions for impairment losses on related assets that may incur impairment.
- Scope and Total Amount of Assets for Provision for Asset Impairment This Time
After a comprehensive review and impairment test of assets with signs of impairment for the year 2025 (including receivables, inventory, long-term equity investments, fixed assets, and intangible assets), the Company and its subsidiaries have made provisions for asset impairment totaling RMB 21,324,504.57. The details are as follows:
Unit: RMB