CATL: A provision of 90.788 billion yuan for impairment of assets in 2025.

Ningde Times announced that, in order to accurately reflect the company's financial condition, a total of 90.788 billion yuan will be set aside for asset impairment provisions in 2025 based on prudence principles. This includes bad debt provision of 3.752 billion yuan for accounts receivable, inventory devaluation provision of 51.517 billion yuan, and long-term asset impairment of 35.519 billion yuan. This provision will reduce the net profit attributable to shareholders of the listed company by 83.682 billion yuan in 2025, and reduce the owner's equity by 83.682 billion yuan at the end of 2025. The above matters have been audited and reflected in the financial statements.