Truchum subsidiary secures significant government subsidy

Anhui Truchum Advanced Materials & Technology Co., Ltd. announced on September 17, 2025, that its wholly-owned sub-subsidiary, Anhui Truchum Senhai Copper Industry Co., Ltd., received a government subsidy totaling 26,340,874.47 yuan. This subsidy is classified as income-related and is tied to the company's ordinary operating activities. The amount represents 11.46% of the company's net profit attributable to shareholders for the fiscal year 2024, as per audited figures.

According to the "Accounting Standard for Business Enterprises No. 16 – Government Subsidies," this grant is categorized as an income-related government subsidy, distinguishing it from asset-related subsidies used for long-term asset formation. The company will recognize this amount as other income, as it relates to routine business operations.

The company anticipates that this government subsidy will increase its total profit for the fiscal year 2025 by 26,340,874.47 yuan. Investors are advised to note that the final accounting treatment and impact on the company's financial data will be subject to the annual audit results by certified public accountants.