We have performed the following pro

We have performed the following procedures in relation to management’s estimation of provision for inventories write-down: (Continued)•Testing, on a sample basis, the inventory ageing by comparing the inventory records with the underlying documents•Testing, on a sample basis, the NRV of selected inventory items by comparing the estimated selling price less selling expenses with post year-end sales data, sales backlog, or current market analysis; and•Observing management’s inventory counts to identify any obsolete inventories.Based on the procedures described, we found the management’s judgements and estimates in relation to the provision for inventories write-down were supported by available evidence.