Netjoy Holdings Limited on 25 June 2026 released an updated profit warning, revising its preliminary estimates for the year ended 31 December 2024 after completing an independent forensic investigation.

The Group now expects to report: • Gross profit of approximately RMB110.00 million–130.00 million, down sharply from RMB251.00 million a year earlier. • A net loss of roughly RMB440.00 million–480.00 million, versus a net profit of about RMB7.00 million in 2023.

Management attributed the deeper loss primarily to three incremental non-cash charges identified through the investigation and subsequent review:

1. Additional impairment of around RMB116.00 million on receivables related to e-commerce and distribution services outstanding at 31 December 2024. 2. Further impairment and write-down of roughly RMB96.00 million on trade receivables, prepayments and other receivables. 3. Additional fair-value loss and impairment of approximately RMB34.00 million on other financial assets held at year-end.

The figures are based on unaudited management accounts and may change when the final annual results are released. Netjoy plans to publish its audited 2024 results on 26 June 2026.

Trading in Netjoy’s shares remains suspended pending fulfilment of resumption guidance from The Stock Exchange of Hong Kong Limited. Shareholders and prospective investors are advised to exercise caution when dealing in the Company’s securities.