MOG Digitech released its unaudited interim results for the six months ended 30 June 2026.

Financial Highlights • Revenue fell 70.88% year-on-year to RMB149.18 million. • Gross profit declined 40.01% to RMB54.71 million; gross margin rose to 36.7% (1H25: 17.8%) due to the sharp drop in low-margin digital payment sales. • Loss attributable to shareholders reached RMB33.99 million versus a profit of RMB1.89 million in 1H25. • Other income and gains edged up 3.90% to RMB10.66 million, supported by a RMB5.94 million gain on debt restructuring. • Selling and distribution costs fell 54.80% to RMB23.70 million, while administrative expenses jumped 70.40% to RMB65.12 million. • Net cash used in operating activities totaled RMB39.03 million; cash and cash equivalents fell to RMB41.37 million (31 Dec 2025: RMB98.12 million). • Interest-bearing borrowings stood at RMB27.70 million with a 3.74% average rate; gearing ratio rose to 0.07. • No interim dividend was declared.

Segment Performance • Digital Payment Solutions: Revenue plunged 90.40% to RMB34.20 million amid intensified competition and funding constraints. • Optical Product Retail, Franchise & License: Revenue slipped 25.30% to RMB65.89 million following a reduction in self-owned stores. • E-commerce: Revenue decreased 30.30% to RMB41.46 million due to lower welfare-card demand. • Financing Services & Money Lending: Revenue fell 18.80% to RMB7.63 million; the segment maintained a “robust liquidity position” and expanded its loan book.

Geographic Mix Revenue from Mainland China dropped to RMB75.65 million (1H25: RMB417.31 million). Malaysia contributed RMB65.89 million, while Hong Kong accounted for RMB7.64 million.

Balance Sheet & Liquidity • Total assets: RMB912.23 million; equity: RMB760.72 million. • Current ratio decreased to 4.6 (31 Dec 2025: 5.1). • Fixed deposits pledged for banking facilities amounted to RMB2.50 million; facilities were undrawn. • Lease liabilities rose to RMB23.37 million (31 Dec 2025: RMB16.02 million) after new property leases.

Investment Update Fair value of the 5.1% stake in KUN International Group Limited rose to RMB49.68 million, representing 5.4% of total assets. A RMB7.28 million fair-value gain was recognised through other comprehensive income.

Corporate Actions • On 8 June 2026 the Group agreed to dispose of 12 Malaysian subsidiaries for RM10.38 million; the transaction is classified as a major disposal. • Post-period, the Group launched a rights issue of 686.13 million shares at HK$0.065 each; as of 11 August 2026, 190.25 million rights shares were subscribed and 495.88 million shares remain to be placed by a placing agent on a best-effort basis.

Outlook Management will continue to explore opportunities in insurance and financial technology while focusing on digital payments, e-commerce, financing, money lending and optical segments to “deliver sustainable value and maximise long-term returns” for shareholders.