Tenet Chinese subsidiary sends first royalty payment of about CAD 110,000 to Canada

• Tenet Fintech received a first royalty payment of about CAD 110,000 from a Chinese operating subsidiary for platform rights in China.
• Chinese operating subsidiaries use or run company platforms for revenue generation, paying royalties or service fees under intercompany agreements.
• Royalty payments were not enforced until management judged the subsidiary could remit cash without constraining growth, following Q2 2026 assessment.
• The payment tested cash repatriation from China under a royalty model, including expected timing for future cash planning in Canada.
• Plans include testing repatriation via service fees later in 2026, targeting quarterly royalty or service-fee payments from Q3 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. Tenet Fintech Group Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608180738NEWSFILECNPR____20260818_310209_1) on August 18, 2026, and is solely responsible for the information contained therein.