LOPAL Tech Issues Clarification on 2025 Preliminary Results: IFRS vs. PRC GAAP Disclosures Not Directly Comparable

Bulletin Express04-01

Jiangsu Lopal Tech. Group Co., Ltd. (LOPAL Tech) released a further announcement on 1 April 2026 to clarify the relationship between its two previously published documents dated 31 March 2026: (1) the Preliminary Annual Results 2025 Announcement prepared under IFRS Accounting Standards and (2) the Preliminary Financial Data 2025 Announcement prepared under the Chinese Accounting Standard for Business Enterprise (PRC GAAP).

According to the board, the PRC GAAP disclosure was issued to satisfy Shanghai Stock Exchange requirements and ensure simultaneous information access for investors on both the Hong Kong and Shanghai bourses. Because the two filings follow different accounting frameworks, the company stressed that the figures disclosed in each document are not directly comparable.

Management confirmed that all financial information contained in both preliminary announcements remains unchanged. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

The board currently comprises five executive directors (Shi Junfeng, Lu Zhenya, Qin Jian, Shen Zhiyong and Zhang Yi), one non-executive director (Zhu Xianglan) and four independent non-executive directors (Geng Chengxuan, Hong Kam Le, Zhang Jinlong and Lu Jian).

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(LOPAL Tech) released a further announcement on 1 April 2026 to clarify the relationship between its two previously published documents dated 31 March 2026: (1) the Preliminary Annual Results 2025 Announcement prepared under IFRS Accounting Standards and (2) the Preliminary Financial Data 2025 Announcement prepared under the Chinese Accounting Standard for Business Enterprise (PRC GAAP).</p>\n\n<p>According to the board, the PRC GAAP disclosure was issued to satisfy Shanghai Stock Exchange requirements and ensure simultaneous information access for investors on both the Hong Kong and Shanghai bourses. Because the two filings follow different accounting frameworks, the company stressed that the figures disclosed in each document are not directly comparable.</p>\n\n<p>Management confirmed that all financial information contained in both preliminary announcements remains unchanged. 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