[Temporary Announcement] Yingtai Biotech: Announcement on Writing Off Part of the Accounts Receivable
Securities code: 920819 Securities abbreviation: Yingtai Biotechnology Announcement number: 2026-049
Beijing Yingtai Jiahe Biotechnology Co., Ltd.
Announcement on writing off part of receivables
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.
Beijing Yingtai Jiahe Biotechnology Co., Ltd. (hereinafter referred to as the "Company") held the seventh meeting of the fifth board of directors on August 13, 2026, and reviewed and approved the "Proposal on Writing Off Part of Receivables". The details are as follows:
1. Write-off situation
In order to reflect the company's financial status and asset value more truly and accurately, consolidate the company's asset quality, and effectively prevent financial risks, in accordance with the Accounting Standards for Business Enterprises, the Articles of Association, and the relevant provisions of the company's internal financial management system, the company plans to clean up and write off some of the receivables that are difficult to collect for a long time and have actually caused bad debt losses during the operation process.
Most of the debtors involved in the write-offs this time have operating abnormalities, entity cancellation, business license revocation, bankruptcy and reorganization, or capital chain breaks, etc., and have lost their solvency, and the relevant payments have been overdue for a long time. In response to the above-mentioned amounts, the company has actively taken various measures to recover through negotiation and collection, filing lawsuits or arbitrations, declaring claims, applying for judicial enforcement, etc. However, either because the debtor has no assets available for enforcement, the judicial enforcement procedures of some cases have ended; or because the debtor's bankruptcy and reorganization have not made substantial progress for a long time, the recovery effect has not reached expectations.
In view of the fact that the above-mentioned amount has not been recovered after the company's long-term, continuous and active recovery through multiple channels, the possibility of recovery is extremely low, and the relevant assets have caused substantial losses, which meets the conditions for the enterprise's bad debt write-off. Based on the principle of prudence, the company plans to write off this part of the amount. A total of 13 bad debts are planned to be written off this time, involving a total amount of receivables of 56.3145 million yuan. The receivables written off are all historical accumulated claims. None of the debtors are related parties of the company. The accounts involved have been fully provided for bad debts in previous years.
2. The impact of this write-off on the company
The write-off of part of the receivables this time is a compliant cleanup of the company's non-performing assets that have been formed in the previous period. It will not have an impact on the company's current profits and financial status. There is no harm to the interests of the company and shareholders, and it does not involve related transactions. It complies with the "Accounting Standards for Business Enterprises", the Articles of Association and the relevant provisions of the company's internal financial management system. It can more truly reflect the company's current asset status and operating results, and effectively improve the authenticity and fairness of the company's financial statements. This write-off will not have a significant adverse impact on the company's daily business operations and ability to continue operating.
The company will still retain the right to continue recourse in the future, and will implement dedicated personnel to continue follow-up. Once the relevant debtor is found to be able to repay the debt, the recourse procedure will be immediately initiated to minimize losses. At the same time, the company will continue to strengthen the management of accounts receivable and further strengthen the prevention and control of overdue accounts risk.
3. Review and voting status
On August 12, 2026, the company held the sixth meeting of the Audit Committee of the fifth board of directors. With 3 votes in favor, 0 votes against, and 0 abstentions, the "Proposal on Writing Off Part of Receivables" was reviewed and approved and submitted to the company's board of directors for review.
On August 13, 2026, the company held the seventh meeting of the fifth board of directors, and reviewed and approved the "Proposal on Writing Off Part of Receivables" with 9 votes in favor, 0 votes against, and 0 abstentions. This proposal does not need to be submitted to the company's shareholders' meeting for review.
4. Opinions of the Audit Committee
The company's audit committee believes that the accounts receivable to be written off this time are all accounts that have been on the books for a long time during the company's operating period, and the recovery of the funds has not been successful, and have actually formed bad debts. This write-off strictly followed relevant requirements such as the Accounting Standards for Business Enterprises, the Articles of Association and the company's internal financial management system. The write-off was based on sufficient basis and the procedures were compliant. This accounting treatment can more truly and accurately reflect the company's financial status and asset value, further consolidate asset quality, and effectively prevent financial risks. The Audit Committee agreed to the write-off of part of the receivables and agreed to submit this proposal to the Board of Directors for review.
5. Opinions of the Board of Directors
The company's board of directors believes that this write-off of part of receivables is a standardized clean-up of the company's existing non-performing debt assets. The relevant disposal matters comply with the relevant requirements of the Accounting Standards for Business, the Articles of Association and the company's internal financial management system. There is no harm to the interests of the company and shareholders. This write-off of accounts can more objectively reflect the company's asset size, financial status and actual operating results of the current period. The board of directors unanimously agreed that the company should write off this part of the receivables in accordance with regulations.
6. Documents for reference
(1) "Resolution of the Sixth Meeting of the Audit Committee of the Fifth Board of Directors of Beijing Yingtai Jiahe Biotechnology Co., Ltd."
(2) "Resolution of the 7th Meeting of the 5th Board of Directors of Beijing Yingtai Jiahe Biotechnology Co., Ltd."
Board of Directors of Beijing Yingtai Jiahe Biotechnology Co., Ltd.
August 14, 2026