昆明云内动力股份有限公司第七届董事会第十一次会议决议公告

Core Viewpoint - The company, Kunming Yunnei Power Co., Ltd., has announced the correction of prior accounting errors and retrospective adjustments, which will affect its financial statements for the years 2021, 2022, 2023, and the first half of 2024, but will not change the profit or loss nature of the previously disclosed reports or result in negative net assets [12][13]. Group 1: Board Meeting - The 11th meeting of the 7th Board of Directors was held on August 12, 2025, with all 7 directors present, and the meeting was chaired by Chairman Yang Bo [2]. - The Board unanimously approved the proposal regarding the correction of prior accounting errors and retrospective adjustments, confirming compliance with relevant accounting standards and regulations [3][16]. Group 2: Supervisory Meeting - The 8th meeting of the 7th Supervisory Board was also held on August 12, 2025, with all 5 supervisors present, chaired by Supervisor Zhang Shihai [8]. - The Supervisory Board agreed with the Board's assessment and approval of the accounting error corrections, affirming that the adjustments do not harm the interests of the company or its shareholders [9][17]. Group 3: Accounting Error Details - The company received an administrative penalty from the China Securities Regulatory Commission for false disclosures in its 2021 and 2022 annual reports, which included inaccuracies in accounting for sales, purchases, and income recognition [13]. - The adjustments will impact specific items in the consolidated and parent company financial statements for the years 2021 to 2024, but will not alter the overall financial health of the company [12][14]. Group 4: Audit Committee - The Audit Committee reviewed and approved the proposal for correcting accounting errors on August 11, 2025, confirming that the adjustments align with accounting standards and improve the quality of financial information [15][18]. Group 5: Future Measures - The company expressed its commitment to enhancing financial oversight and training for accounting personnel to improve the quality of financial information and disclosure practices [19].