Dongguan Aohai Technology Co.Ltd(002993) : Announcement on the company’s provision for asset impairment in 2021

Securities code: Dongguan Aohai Technology Co.Ltd(002993) securities abbreviation: Dongguan Aohai Technology Co.Ltd(002993) Announcement No.: 2022036 Dongguan Aohai Technology Co.Ltd(002993)

Announcement on the company’s provision for asset impairment in 2021

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Overview of provision for asset impairment

According to the accounting standards for business enterprises, the Listing Rules of Shenzhen Stock Exchange and other relevant provisions, based on the principle of prudence, in order to truly and accurately reflect the financial situation and operating results of Dongguan Aohai Technology Co.Ltd(002993) (hereinafter referred to as “the company”) in 2021, the impairment test is carried out for all kinds of assets with impairment signs within the scope of the consolidated statements, and the impairment reserves are accrued accordingly according to the impairment test results, The details of the company’s impairment provision are as follows: the company does not need to submit the announcement to the board of directors for deliberation:

Current amount of category items

Credit impairment loss bad debt loss of other receivables -189901780

(loss expressed with “-“) bad debt loss of accounts receivable -2291764344

Bad debt loss of notes receivable -7179488

Asset impairment loss, inventory depreciation loss and contract performance

(loss expressed with “-“) about cost impairment loss -1432376170

Total -3921221782

2、 Explanation of the rationality of the provision for asset impairment and its impact on the company

The company’s provision for asset impairment complies with the accounting standards for business enterprises and relevant provisions of the CSRC. It makes asset impairment test based on the principle of prudence and has sufficient basis. After accrual, it can more objectively and fairly reflect the company’s financial situation and asset value, and make the company’s accounting information more authentic, reliable and reasonable. The total credit impairment loss and asset impairment loss in 2021 is 392122 million yuan, which will reduce the company’s net profit of 392122 million yuan in 2021 and the owner’s equity of the company at the end of 2021 by 392122 million yuan.

It is hereby announced.

Dongguan Aohai Technology Co.Ltd(002993) board of directors April 20, 2022

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