According to the Zhitong Finance App, Baixin International (00574.HK) announced that the petition was due to the Company's failure to repay the loan (the loan) borrowed by the Company from the petitioner. The principal amount of the loan was HK$8 million and expired on November 10, 2024. This loan is a loan for the company's general working capital. The loan has an annual interest rate of 12%, and the total accumulated interest as of 31 December 2025 is approximately HK$326,000. Since the loan was borrowed before the effective date of the Company's debt repayment arrangement plan (that is, March 12, 2024), the Company has included the loan as a repayment liability under the debt repayment arrangement plan in the consolidated financial statements as of December 31, 2025.

According to the Zhitong Finance App, Baixin International (00574.HK) announced that the petition was due to the Company's failure to repay the loan (the loan) borrowed by the Company from the petitioner. The principal amount of the loan was HK$8 million and expired on November 10, 2024. This loan is a loan for the company's general working capital. The loan has an annual interest rate of 12%, and the total accumulated interest as of 31 December 2025 is approximately HK$326,000. Since the loan was borrowed before the effective date of the Company's debt repayment arrangement plan (that is, March 12, 2024), the Company has included the loan as a repayment liability under the debt repayment arrangement plan in the consolidated financial statements as of December 31, 2025.