Wanfeng Aowei announced that the company responded to the impairment of goodwill of the Paslin Asset Group, the main operating entity of Wanfeng in the United States. At the end of 2025, the asset group can recover an amount of US$134 million, which is higher than the book value of the asset group that includes all goodwill of US$131 million. There is no impairment of goodwill. In the first quarter of 2026, Paslin's current orders and revenue both increased. January-May revenue was US$71.4234 million, up 26.31% year on year; new orders of US$96.427 million were signed in the first half of the year, up 92.02% year on year. The company believes that there are similar cases of uncalculated impairment in the industry, and that Wanfeng's core customers in the US are stable and have sufficient orders, and there are no situations where weakening goodwill manipulates profits and harms the interests of small and medium shareholders.

Wanfeng Aowei announced that the company responded to the impairment of goodwill of the Paslin Asset Group, the main operating entity of Wanfeng in the United States. At the end of 2025, the asset group can recover an amount of US$134 million, which is higher than the book value of the asset group that includes all goodwill of US$131 million. There is no impairment of goodwill. In the first quarter of 2026, Paslin's current orders and revenue both increased. January-May revenue was US$71.4234 million, up 26.31% year on year; new orders of US$96.427 million were signed in the first half of the year, up 92.02% year on year. The company believes that there are similar cases of uncalculated impairment in the industry, and that Wanfeng's core customers in the US are stable and have sufficient orders, and there are no situations where weakening goodwill manipulates profits and harms the interests of small and medium shareholders.