Ruixin International Holdings (RUIXIN INT’L, 00724) released its unaudited results for the six months ended 30 June 2025.

Financial performance • Revenue: Nil (unchanged from 1H24). • Net loss: HK$6.00 million, a sharp improvement from the HK$20.44 million deficit in 1H24, mainly due to lower operating and administrative costs and reduced imputed interest on convertible notes and shareholder loans. • Loss per share: 7.14 HK cents (1H24: 24.33 HK cents). • Finance costs: HK$3.92 million, of which HK$3.48 million related to imputed interest on convertible notes and shareholder loans. • Gross profit: Nil, reflecting the continued absence of sales.

Balance-sheet highlights (30 June 2025) • Bank balances and cash: HK$0.50 million. • Net current liabilities: HK$219.20 million. • Net liabilities: HK$219.50 million. • Outstanding zero-coupon convertible notes: HK$158.40 million, convertible at HK$1.00 per share, maturing 31 Jan 2025. • Unsecured, non-interest-bearing loans from substantial shareholder Li Weimin: HK$37.71 million (maturity extended to 3 Oct 2027 and 30 Mar 2028). • Interest-bearing bank debt: Nil.

Going-concern and resumption plan The auditors flagged material uncertainty over going concern due to persistent losses and negative equity. Management is pursuing a Resumption Plan to restore compliance with HKEX Listing Rule 13.24 and resume trading, suspended since 2 Sep 2024. Key steps include: 1. Share Subscription & Settlement Deed (signed 16 Feb 2026) with major shareholder Li Weimin to inject ~HK$34 million; proceeds will retire HK$24.8 million of other debts, with the balance for working capital. Li will also waive all liabilities under the HK$158.40 million convertible notes and HK$37.71 million shareholder loans upon completion. 2. Convertible Bond Subscription Agreement (signed 16 Feb 2026) with an independent investor for HK$19 million, earmarked for working capital. 3. Ongoing business revitalisation: new PRC subsidiaries focus on trading higher-margin electronic components; initial e-commerce sales commenced, securing ~HK$33 million in new orders.

Compliance update Following the appointment of two independent non-executive directors and a qualified company secretary, the Board has re-complied with HKEX Rules 3.10, 3.21 and 3.27A as of 13 Feb 2026.

Dividend No interim dividend was declared (1H24: nil).

Trading status Shares remain suspended; the exchange may delist the company if resumption conditions are not met by 1 Mar 2026.