On June 6th, Geelong announced that in accordance with the relevant regulations of the Enterprise Accounting Standards and the company's accounting policies, in order to truly reflect the company's financial situation, the company plans to write off the accounts receivable that cannot be collected on the financial books. The total amount of assets written off by the company this time is 7.9576 million yuan, of which: accounts receivable is 6.587 million yuan, and other receivables is 1.37 million yuan. The main reason for the write-off of assets is that the aging of these receivables is too long. The company has made every effort to collect them through multiple channels, but has confirmed that they cannot be recovered. The company's management team has carefully evaluated and approved the write-off of these receivables. After the write-off, the company will register the written off accounts receivable for further review, and ensure that the records match the case files.