ST Enjoyor to change accounting estimates, impacting net profit

Silver Lake Technologies Co., Ltd. (SZSE:300020) has announced a change in its accounting estimates related to expected credit losses on accounts receivable and contract assets. The adjustment, aimed at providing a more accurate reflection of the company's financial position, involves a more granular approach to calculating expected credit losses throughout the life of these assets. The change will be effective October 1, 2024, applied prospectively, without restatement of prior periods.