Shanghai Ganglian subsidiary receives significant government grant

Shanghai Ganglian E-Commerce Holdings Co., Ltd. announced that its subsidiary, Shanghai Gangyin E-Commerce Co., Ltd., received a government subsidy of RMB 26,123,500.00 on December 16, 2025. This single grant represents 16.19% of the parent company's net profit attributable to shareholders from the most recent audited fiscal year. The company clarified that the subsidy is related to its daily operating activities and has already been received.

The company intends to account for the entire RMB 26,123,500.00 as income-related government subsidies, which is expected to directly impact the current year's profit by the same amount. This accounting treatment aligns with the "Government Subsidies" standard of the Enterprise Accounting Standards.

Shanghai Ganglian noted that the final accounting treatment is subject to confirmation by the auditor's annual audit. The company also issued a risk warning, advising investors to consider the potential implications and final audit results.