Mirxes says shares remain suspended pending probe into prepayments, cash outflows

• Mirxes issued a supplemental statement on resumption guidance, detailing information KPMG said it still lacked as of March 26, 2026 for audit work tied to prepayments.
• Outstanding items include background and potential relationships involving vendors, vendor capability and procurement compliance, and whether contract pricing and upfront payment terms were market-based.
• Board disclosed additional details on post–Dec. 31, 2025 cash outflows totaling about USD 57 million and RMB 10 million, citing management explanations that most went to interest-bearing cash deposits.
• Remaining outflows were described as linked to equipment procurement, manufacturing buildout, potential IP acquisition, and adviser fees; KPMG expects Independent Investigation Committee review to cover these items.
• Shares remain suspended, with trading halted since 9:00 a.m. on April 1, 2026 until further notice.

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. Mirxes Holding Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260510-12154181), on May 10, 2026, and is solely responsible for the information contained therein.