China Energy Construction announced on March 28, 2024 that, in accordance with China's corporate accounting standards and corporate accounting policies, the company conducted depreciation tests on assets as of December 31, 2023, and provided for an asset depreciation preparation of RMB32.33 million. The drawdown includes provisions for receivables, other receivables, inventory declines, contract assets, and other assets. This led to a decrease in the company's 2023 consolidated financial statement profit by the same amount. The Board of Directors, the Board of Directors and the Independent Directors consider that the decision-making process prepared for asset impairment is lawful, well-founded and reasonably reflects the state of the company's assets, in the interests of the company and all shareholders, without prejudice to the legitimate interests of the company and its small and medium-sized shareholders.

China Energy Construction announced on March 28, 2024 that, in accordance with China's corporate accounting standards and corporate accounting policies, the company conducted depreciation tests on assets as of December 31, 2023, and provided for an asset depreciation preparation of RMB32.33 million. The drawdown includes provisions for receivables, other receivables, inventory declines, contract assets, and other assets. This led to a decrease in the company's 2023 consolidated financial statement profit by the same amount. The Board of Directors, the Board of Directors and the Independent Directors consider that the decision-making process prepared for asset impairment is lawful, well-founded and reasonably reflects the state of the company's assets, in the interests of the company and all shareholders, without prejudice to the legitimate interests of the company and its small and medium-sized shareholders.