DEKON AGR (02419) announced that, in accordance with the "Consultation Conclusions on Accepting Mainland Accounting and Auditing Standards and the Employment of Mainland Accounting Firms for Mainland-incorporated Companies Listed in Hong Kong" published by The Stock Exchange of Hong Kong Limited in December 2010, mainland-incorporated issuers listed on the Exchange have been permitted to adopt mainland accounting standards for preparing their financial statements starting December 15, 2010.
Mainland accounting firms recognized by the Ministry of Finance and the China Securities Regulatory Commission are permitted to provide audit services for issuers listed on the Exchange using mainland auditing standards.
Based on the aforementioned policy and referencing the common practice of comparable listed peers that have adopted the Chinese Enterprise Accounting Standards, and considering that the company primarily operates in Mainland China, the Board of Directors has resolved to adopt the Chinese Enterprise Accounting Standards for preparing financial accounting reports starting from the financial year ending December 31, 2025, in order to improve operational efficiency.
The Board proposes that preparing financial statements in accordance with the Chinese Enterprise Accounting Standards is in the best interests of the company and its shareholders.
The proposal to adopt the Chinese Enterprise Accounting Standards for preparing financial statements is subject to approval by the company's shareholders at the forthcoming First Extraordinary General Meeting of 2026.
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