Chengdu SIWI Science and Technology Company Limited (Stock Code: 1202) published an announcement on 27 November 2025 regarding a proposal to use surplus reserves and capital reserves to offset accumulated losses as of 31 December 2024. The company reported total accumulated losses of RMB272 million, with RMB8.7 million in surplus reserves and RMB571 million in capital reserves. According to the plan, a total of RMB579.7 million will be used to reduce the accumulated losses to zero, leaving RMB307.7 million in capital reserves.

Management noted that reducing accumulated losses through reserves is intended to meet profit distribution requirements stipulated by relevant laws and the company’s articles of association. The proposal will be submitted for shareholders’ consideration at the second extraordinary general meeting in 2025.

The same meeting will also consider the proposed re-election of a non-executive director. The company has nominated the current director, who has extensive operations and supply chain management experience, for another term. The meeting is scheduled for 3:00 p.m. on Thursday, 18 December 2025, at the conference room of the company’s office in Chengdu, Sichuan Province, China.