Nuobikan says unaware of supplier’s accounting breach, prior deals valid

• Nuobikan Artificial Intelligence Technology (Chengdu) issued clarification following China Securities Regulatory Commission administrative penalty against supplier Hengxin Shambala over 2022 revenue recognition tied to prior transactions with Nuobikan.
• Stated it had only normal business dealings with Hengxin Shambala, lacked knowledge of event, while prior transactions were “true and valid” and properly recorded under its accounting policies.
• Board said recent share price volatility had no connection to event, citing no inside information requiring disclosure under Hong Kong listing rules.
• CSRC decision said Hengxin Shambala inflated 2022 operating revenue by RMB 181.61 million, or 37.12% of disclosed operating revenue, by using gross revenue method without control over goods.

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. Nuobikan Artificial Intelligence Technology (Chengdu) 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-20260511-12155475), on May 11, 2026, and is solely responsible for the information contained therein.