Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458) : Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458) announcement on the provision for asset impairment in 2021

Securities code: Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458) securities abbreviation: Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458) Announcement No.: 2022011 Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458)

Announcement on the provision for asset impairment in 2021

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

1、 Overview of provision for asset impairment

Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458) (hereinafter referred to as “the company”) convened the 23rd Meeting of the 4th board of directors and the 19th meeting of the 4th board of supervisors on March 24, 2022, deliberated and adopted the proposal on the company’s provision for asset impairment in 2021. In order to more truly, accurately and fairly reflect the assets and financial status as of December 31, 2021, in accordance with the accounting standards for business enterprises and relevant provisions of the company’s accounting policies, Based on the principle of prudence, the company conducted impairment test on relevant assets that need to be depreciated. The total amount of credit impairment loss and asset impairment loss accrued in 2021 was 303763500 yuan, and the credit impairment loss reversed in the current period was 8354700 yuan, which is listed in the following table by category: Unit: 10000 yuan

No. category asset name current period accrual current period reversal

1 notes receivable 0 1.29 2 credit impairment loss accounts receivable 795986

3. Other receivables 1321873

4. Long term receivables 0.834.18

5. Impairment loss of assets contract assets 919776

Total 3037635 835.47

2、 Impact of the provision for asset impairment on the company

The provision for impairment is 303763500 yuan this time, and the reversal of the provision for impairment in this period is 8354700 yuan, which will reduce the total profit of the company in 2021 by 295408800 yuan, and correspondingly reduce the net asset value of the company at the end of 2021. After the provision for credit impairment loss and asset impairment loss this time, it can more fairly reflect the financial status, asset value and operating results of the company as of December 31, 2021. The provision for impairment loss has been audited and confirmed by Dahua Certified Public Accountants (special general partnership).

3、 Opinions of the audit committee of the board of directors on the provision for asset impairment this time

The audit committee of the board of directors reviewed the proposal on the company’s provision for asset impairment in 2021 and considered that the company’s provision for asset impairment this time is based on the principle of prudence, fully based, in line with the provisions of the accounting standards for business enterprises and relevant accounting policies of the company, and can more fairly reflect the current asset status of the company. Agree to submit it to the board of directors for deliberation.

4、 Independent opinions of independent directors on the provision for asset impairment this time

After reviewing the relevant materials, the independent directors believe that the provision for asset impairment this time is in line with the relevant provisions of the accounting standards for business enterprises and the actual situation of the company. The provision for asset impairment this time is based on the principle of prudent accounting, which can more objectively and fairly reflect the financial status and operating results of the company. The relevant review procedures comply with the provisions of laws and regulations and the articles of association, and there is no harm to the interests of the company and shareholders, Especially for the interests of minority shareholders, we agree to the proposal on the company’s provision for asset impairment in 2021.

5、 Opinions of the board of supervisors on the provision for asset impairment this time

The board of supervisors checked the company’s provision for asset impairment this time and believed that the company’s provision for asset impairment in accordance with the accounting standards for business enterprises and relevant accounting policies of the company can more fairly and truly reflect the company’s asset status. The board of directors agreed to withdraw the provision for asset impairment this time in accordance with the Legal Deliberation procedure of this matter. It is hereby announced.

Guizhou Transportation Planning Survey&Design Academe Co.Ltd(603458) board of directors March 25, 2022

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