United Low-Carbon to record loss from asset disposal, reappoints auditor

United Low-Carbon Technology (Xinjiang) Co., Ltd. announced a projected loss of 9,544,200 yuan from the disposal and write-off of equipment assets belonging to its subsidiary, United Petrochemical Co., Ltd. This is expected to impact the company's 2025 net profit by -8,112,500 yuan after tax. The Ninth Board of Directors’ Fourth Meeting on October 11, 2025, approved the write-off of assets from the lubricating grease production workshop, which ceased operations due to new hazardous chemical regulations.

The board meeting also approved the re-appointment of KPMG Huazhen LLP (Special General Partnership) as the company's auditing firm for 2025. The audit fee totals 1,480,000 yuan, covering financial report audit fees of 1,280,000 yuan and internal control audit fees of 200,000 yuan. This decision, following a review by the Audit Committee, is pending approval at the 2025 Fourth Interim Shareholders' Meeting scheduled for October 29, 2025.

The asset disposal, involving equipment such as saponification kettles, cooling kettles, and blending kettles, aims to improve asset utilization by converting the lubricating grease workshop for other uses.