XMH Subsidiary PT Xin Ming Hua Engine Loses Objection to IDR 74.8 Billion VAT Assessment

• Indonesian tax authorities rejected XMH Holdings' wholly owned subsidiary PT Xin Ming Hua Engine's objections to IDR 74.8 billion in VAT assessments.
• The rejected objections cover the period from May 1, 2023, to Dec. 31, 2023.
• The subsidiary will file formal tax appeals against the decisions.
• The total assessment of approximately IDR 143.9 billion relates to the financial year ended April 30, 2024.
• Payment of the full assessment would materially affect the group's current-year financial results.

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. XMH Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: DA54G9SHE41HYRPA) on October 22, 2026, and is solely responsible for the information contained therein.