Unittec Co.Ltd(000925) : Announcement on changes in accounting policies

Securities code: Unittec Co.Ltd(000925) securities abbreviation: Unittec Co.Ltd(000925) Announcement No.: pro 2022029

Unittec Co.Ltd(000925)

Announcement on changes in accounting policies

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions. 1、 Overview of changes in accounting policies

(I) reasons for change

The Ministry of Finance issued the interpretation of accounting standards for Business Enterprises No. 14 (CAI Kuai [2021] No. 1) on January 26, 2021, which shall come into force as of the date of promulgation.

The Ministry of Finance issued the interpretation of accounting standards for Business Enterprises No. 15 (CK [2021] No. 35) on December 30, 2021. The contents of “accounting treatment on the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of research and development” and “judgment on loss contracts” shall be implemented as of January 1, 2022; The content of “relevant presentation on centralized fund management” shall go into effect as of the date of promulgation.

(II) date of accounting policy change

The company shall implement the changed accounting policies from the starting date specified in the above documents.

(III) accounting policies adopted by the company before change

Before this change, the company implemented the accounting standards for business enterprises – basic standards, various specific accounting standards, application guidelines of accounting standards for business enterprises, interpretation announcement of accounting standards for business enterprises and other relevant provisions issued by the Ministry of finance.

(IV) accounting policies adopted by the company after change

After this change, the company will implement the following policies:

1. Interpretation of accounting standards for Business Enterprises No. 14 (CK [2021] No. 1)

2. Interpretation of accounting standards for Business Enterprises No. 15 (CK [2021] No. 35)

In addition to the above changes in accounting policies, other unchanged parts shall be implemented in accordance with the accounting standards for business enterprises – basic standards, various specific accounting standards, the application guide of accounting standards for business enterprises, the interpretation announcement of accounting standards for business enterprises and other relevant provisions issued by the Ministry of finance. 2、 Impact of this accounting policy change on the company

The interpretation of accounting standards for Business Enterprises No. 14 (CAI Kuai [2021] No. 1) stipulates the accounting treatment of the social capital party for the government and social capital cooperation (PPP) project contract, and the accounting treatment of the change in the basis for determining the cash flow of relevant contracts caused by the reform of the benchmark interest rate. The change of accounting policy has no significant impact on the company’s financial position, operating results and cash flow.

The interpretation of accounting standards for Business Enterprises No. 15 (CAI Kuai [2021] No. 35) stipulates the accounting treatment of the external sales of products or by-products produced before the fixed assets reach the expected usable state or in the process of research and development, the relevant presentation of centralized fund management, and the judgment of loss contracts. The change of accounting policy has no significant impact on the company’s financial position, operating results and cash flow.

This accounting policy change is a corresponding change made by the company according to the interpretation of the latest accounting standards revised by the Ministry of finance, which complies with the provisions of relevant laws and regulations, does not involve the retroactive adjustment of the company’s previous years, will not have an impact on the company’s financial status and operating results, and will not damage the interests of the company and all shareholders, especially minority shareholders.

It is hereby announced.

Unittec Co.Ltd(000925) board of directors April 20, 2002

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