OmniVision Integrated Circuits Group, Inc. (OmniVision) has updated its accounting policies in line with the Ministry of Finance’s “Interpretation No. 19 of the Accounting Standards for Business Enterprises,” effective 1 January 2026.

The revised policies address five areas: 1. Indemnification assets in mergers not under common control. 2. Capital reserve treatment when disposing of subsidiaries originally acquired through common-control mergers. 3. Derecognition of financial liabilities settled via electronic payment systems. 4. Assessment of contractual cash-flow characteristics of financial assets and related disclosures. 5. Disclosure requirements for equity instruments designated at fair value with changes recognised in other comprehensive income.

Management states that the amendments will neither restate comparative periods nor affect the company’s profit or loss, total assets, net assets, or cash flows. The Ministry of Finance permits these changes without additional board or shareholder approval, and OmniVision confirms full compliance with all procedural and regulatory requirements.

Chairman and Executive Director Yu Renrong signed the board announcement on 29 April 2026. The company emphasises that the updated policies enhance the objectivity and fairness of its financial reporting while safeguarding shareholder interests.