Jiangsu Lopal Tech. Group Co., Ltd. (LOPAL Tech) has booked total impairment provisions of RMB40.23 million for the three months ended 31 March 2026, according to a board announcement released on 29 April 2026.

The charges comprise: • Credit-related impairments of RMB23.16 million, mainly against accounts receivable, bills receivable and other receivables. • Inventory write-downs of RMB17.07 million after a recoverability review of stock assets.

The provisions, made under China’s Accounting Standards for Business Enterprises and endorsed by both the board and its audit committee, reduce first-quarter consolidated pre-tax profit by an equivalent RMB40.23 million.

Management stated that the adjustments reflect a prudent assessment of asset quality and have been approved at the fifth meetings of the company’s fifth-session board of directors and audit committee. The announcement emphasises that the measures align with regulatory requirements and do not prejudice the interests of any shareholder group.