Sinofortune flags HKD 12.1 million impairment on undelivered vehicle deposits to supplier Fuxinzhong

• Sinofortune flagged potential losses tied to undelivered vehicle purchases, with large non-interest-bearing, unsecured supplier deposits outstanding.
• As of Dec. 31, 2025, the biggest exposure was a HKD 38 million gross advance to Fuxinzhong, net HKD 25.6 million.
• Impairments booked included HKD 12.1 million on Fuxinzhong, HKD 19.3 million on Changyang, HKD 27.4 million on Lianzhi.
• Fuxinzhong agreed to refund RMB 66.2 million in instalments; a revised schedule put about RMB 36.2 million due by Dec. 31, 2026.
• Shengchang agreed to refund RMB 10 million by Mar. 23, 2026; it was repaid in full in March 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sinofortune Financial Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260903-12319202), on September 03, 2026, and is solely responsible for the information contained therein.