Zhidu Shares: The Bitcoin assets held by the company come from the purchase of blockchain computing power cloud services from BitDeer in 2021

Zhidu Co., Ltd. (000676) stated in response to investor questions that the company's Bitcoin assets came from purchasing blockchain computing power cloud services from Bitdeer in 2021. The corresponding Bitcoin generated from this computing power as a service belongs to the company. In accordance with relevant provisions of the enterprise accounting standards, the company records "Bitcoin" as intangible assets and conducts initial measurement based on cost. In 2022, based on the review, the company expects that the recoverable amount will be lower than its carrying amount, and it will provision an impairment loss of RMB 63,014,300 for intangible assets. According to relevant provisions of enterprise accounting standards, once the impairment loss of intangible assets is confirmed, it cannot be reversed in subsequent accounting periods.