Nuobikan says Hengxin East accounting penalty unrelated to its share price moves

• Nuobikan Artificial Intelligence Technology (Chengdu) issued clarification following administrative penalty decision dated April 30, 2026 against supplier Hengxin Oriental (300081) tied to 2022 revenue recognition on sales to Nuobikan.
• Penalty decision cited Hengxin Oriental for using gross accounting without control of goods, overstating 2022 revenue by CNY 181.61 million, or 37.12% of reported revenue.
• Nuobikan said it had only routine dealings with Hengxin Oriental, was not aware of issue, and said past transactions were genuine, valid, and properly booked under its accounting policies.
• Board said recent share-price volatility was not linked to event and said it had no inside information requiring disclosure under Hong Kong listing rules.

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-20260512-12155737), on May 12, 2026, and is solely responsible for the information contained therein.