Jiangsu Olive Sensors asset impairment provisions deemed reasonable

Jiangsu Olive Sensors High-Tech (SZSE:300507) announced that its supervisory board has reviewed and approved the company's provisions for asset impairment for the fiscal year 2024. The board concluded that the provisions are based on sufficient evidence and adhere to the standards outlined in "Enterprise Accounting Standard No. 8 - Asset Impairment" as well as the company's internal regulations. The board also stated that the provisions accurately reflect the company's asset values and operating results. Furthermore, the decision-making process regarding these provisions was found to be in accordance with relevant laws and regulations. The supervisory board has formally agreed to the company's proposed asset impairment provisions.