Sheen Tai Details HKD 45.32 Million Receivables Impairment in Annual Report Supplement

• Sheen Tai Holdings clarified its full HKD 45.32 million impairment of receivables for 2025 arose from unpaid semiconductor transactions with two customers.
• PRC lawyers are preparing claims against Shenzhen Qianying over receivables and a RMB 5 million loan; Hong Kong recovery proceedings remain under consideration.
• A share charge securing Shenzhen Qianying’s obligations covers a 24.5% stake in Xuzhou Xinbai, valued at RMB 13.43 million on September 30, 2026.
• The group conducted no in-depth due diligence before the customer transactions or subsequent credit risk assessments between June 2021 and December 2025.
• Recovery prospects remain uncertain; legal advisers expect proceedings to take 12–24 months from commencement, provided no appeals are filed.

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. Sheen Tai Holdings Group Company 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-20261109-12405807), on November 09, 2026, and is solely responsible for the information contained therein.