Guilin Sanjin: Announcement on Changes in Accounting Policies
Securities code: 002275 Securities abbreviation: Guilin Sanjin Announcement number: 2026-004
Guilin Sanjin Pharmaceutical Co., Ltd.
Announcement on changes in accounting policies
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or major omissions.
Special tips:
This change in the accounting policies of Guilin Sanjin Pharmaceutical Co., Ltd. (hereinafter referred to as the company) is based on the requirements of the "Interpretation of Accounting Standards for Business Enterprises No. 19" (Financial Accounting [2025] No. 32) issued by the Ministry of Finance of the People's Republic of China (hereinafter referred to as the Ministry of Finance). This change in accounting policies complies with relevant laws and regulations and will not have a significant impact on the company's financial status, operating results and cash flow, nor will it harm the interests of the company and shareholders.
According to relevant regulations such as the "Shenzhen Stock Exchange Stock Listing Rules", the company's accounting policy change is a change in accordance with the requirements of laws, administrative regulations or the national unified accounting system. It is a non-voluntary change and does not need to be submitted to the company's board of directors for review. The relevant information is now announced as follows:
1. Overview of changes in accounting policies
(1) Reasons for changes in accounting policies
In December 2025, the Ministry of Finance issued the "Interpretation of Accounting Standards for Business Enterprises No. 19" (Financial Accounting [2025] No. 32), which stipulates "the accounting treatment of compensatory assets in business mergers not under common control" and "the accounting treatment of relevant capital reserves when disposing of subsidiaries originally acquired through business mergers under common control" Regarding the derecognition of financial liabilities settled using electronic payment systems, "the assessment and related disclosure of the contractual cash flow characteristics of financial assets" and "the disclosure of equity instruments designated as measured at fair value with changes included in other comprehensive income" and other related content, the interpretation regulations will be effective from January 1, 2026.
According to the requirements of the above documents, the company needs to make corresponding changes to the current accounting policies and start implementing the above accounting standards on the effective date specified in the above documents.
(2) Accounting policies adopted before the change
Before this accounting policy change, the company implemented the "Accounting Standards for Business Enterprises - Basic Standards" issued by the Ministry of Finance
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and various specific accounting standards, guidelines for the application of accounting standards for enterprises, interpretation announcements of accounting standards for enterprises, and other relevant regulations.
(3) Accounting policies adopted after changes
After this accounting policy change, the company will implement it in accordance with the relevant provisions of the "Interpretation No. 19 of Accounting Standards for Business Enterprises" issued by the Ministry of Finance. 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" and various specific accounting standards, application guidelines for Accounting Standards for Business Enterprises, interpretation announcements of Accounting Standards for Business Enterprises and other relevant regulations previously promulgated by the Ministry of Finance.
(4) Date of change of accounting policy
The company will begin to implement the accounting policy after this change from January 1, 2026.
2. The impact of this accounting policy change on the company
This change in accounting policy is a reasonable change made by the company in accordance with the relevant regulations and requirements of the Ministry of Finance, and is in compliance with the "Accounting Standards for Business Enterprises" and other relevant laws and regulations. The changed accounting policy can objectively and fairly reflect the company's financial status and operating results. This change in accounting policy will not have a significant impact on the company's financial status, operating results and cash flow, nor will it harm the interests of the company and shareholders.
Announcement is hereby made.
Guilin Sanjin Pharmaceutical Co., Ltd.
board of directors
April 29, 2026
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