Tianyu Shares: Announcement on Changes in Accounting Policies
Securities code: 300702 Securities abbreviation: Tianyu Shares Announcement number: 2026-032
Zhejiang Tianyu Pharmaceutical Co., Ltd.
Announcement on changes in accounting policies
The company's board of directors and all directors guarantee that there are no false records, misleading statements or major omissions in this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of its contents.
This change in accounting policies of Zhejiang Tianyu Pharmaceutical Co., Ltd. (hereinafter referred to as the "Company") is based on the provisions and requirements of the Accounting Standards for Business Enterprises promulgated by the Ministry of Finance of the People's Republic of China (hereinafter referred to as the "Ministry of Finance"), and is consistent with the provisions of relevant laws and regulations and the actual situation of the company. According to the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 2 - Standardized Operation of GEM Listed Companies" and other relevant regulations, the company's accounting policy change is an accounting policy change in accordance with laws and regulations or the national unified accounting system, and this matter does not need to be submitted to the company's board of directors and shareholders' meeting for review. The implementation of relevant corporate accounting interpretations will have no significant impact on the company's financial statements. The specific information is announced as follows:
1. Overview of this accounting policy change
- Reasons for changes in accounting policies and implementation time
The Ministry of Finance issued "Interpretation No. 19 of Accounting Standards for Business Enterprises" on December 5, 2025 (Finance and Accounting [2025] 32 No.), "About the accounting treatment of compensating assets in business combinations not under common control", "About the accounting treatment of relevant capital reserves when disposing of subsidiaries originally acquired through business combinations under common control", "About the derecognition of financial liabilities settled using electronic payment systems", "Evaluation and related disclosure of contractual cash flow characteristics of financial assets" and "Disclosure of equity instruments designated as measured at fair value with changes included in other comprehensive income" and other related matters are clarified, and the subsequent measurement accounting treatment and the connection between the old and the new are clarified, and it is stipulated that starting from 2026 It will come into effect on January 1, 2019.
Due to the issuance of the above accounting standards interpretation, the company needs to make corresponding changes in accounting policies and start implementing the above enterprise accounting standards on the effective date specified in the above documents.
- Accounting policies adopted before the change
Before this change, the company implemented the "Accounting Standards for Business Enterprises - Basic Standards" issued by the Ministry of Finance and various specific accounting standards, application guidelines for Accounting Standards for Business Enterprises, Interpretation Announcement of Accounting Standards for Business Enterprises and other relevant regulations.
- Accounting policies adopted after changes
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After this change, the company will implement relevant regulations in accordance with the content requirements of "Interpretation No. 19 of the Code". Except for the above-mentioned changes in accounting policies, other unchanged parts are still implemented in accordance with the "Accounting Standards for Business Enterprises - Basic Standards" previously promulgated by the Ministry of Finance, as well as various specific accounting standards, application guidelines for Accounting Standards for Business Enterprises, Interpretation Announcements on Accounting Standards for Business Enterprises and other relevant regulations.
2. The impact of this accounting policy change on the company
This change in accounting policy is a corresponding change made by the company in accordance with the latest accounting standards revised by the Ministry of Finance. The changed accounting policy can more objectively and fairly reflect the company's financial status and operating results, and is in line with relevant laws and regulations and the company's actual situation. This change in accounting policy will have no significant impact on the company's financial status, operating results and cash flow, and will not harm the interests of the company and all shareholders.
Announcement is hereby made.
Board of Directors of Zhejiang Tianyu Pharmaceutical Co., Ltd. April 24, 2026
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