Shirble says consultancy fee extension deal fails after independent shareholders vote no

• Shirble said independent shareholders voted down the consultancy fees payment extension agreement at the EGM, leaving it non-binding.
• Overdue consultancy fees are now payable by SRF on demand, with no fixed final settlement date.
• Board backed monitoring SRF and pursuing recovery steps while holding off immediate legal action due to low near-term recovery prospects.
• Estimated upfront PRC legal costs for proceedings: RMB 7 million to RMB 20 million; liquidity cited as tight, with RMB 16 million cash at Dec. 31, 2025.
• Recovery amount may depend on SRF assets available for distribution to unsecured creditors.

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. Shirble Department Store Holding (China) Limited 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-20260616-12205003), on June 16, 2026, and is solely responsible for the information contained therein.