New Focus Auto Tech says it breaches HK rules on non-pro rata loans to connected subsidiary

• New Focus Auto Tech issued a supplemental clarification on loans to New Focus Technology (Shanghai), a then 45% connected subsidiary.
• It flagged a Listing Rules breach for failing to disclose and obtain independent shareholder approval for non-pro rata loans.
• Management attributed the lapse to misclassification as intra-group loans, weak compliance execution at subsidiary level, OA system gaps.
• An EGM will be held to seek independent shareholder ratification of the loan agreements; no shareholders are expected to abstain.
• New Focus Technology (Shanghai) became wholly owned on June 29, 2026 following nil-consideration equity transfers completed that day.

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. New Focus Auto Tech Holdings Ltd. 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-20260901-12314381), on September 01, 2026, and is solely responsible for the information contained therein.