Baiying Holdings Achieves GEM Resumption Conditions; Trading to Restart on 10 September 2026

Bulletin Express
Sep 09

Hong Kong – Baiying Holdings Group Limited has met all Hong Kong GEM resumption requirements and will see its shares resume trading on 10 September 2026 at 9:00 a.m., ending a suspension that began on 9 June 2025.

The Stock Exchange of Hong Kong had halted trading after the GEM Listing Review Committee questioned Baiying Holdings’ business sustainability, reliance on controlling shareholders and clarity of strategy. The Exchange set two conditions: (1) prove compliance with GEM Listing Rule 17.26 (sufficient operations and assets) and (2) disclose all material information for investors.

Key steps taken to restore compliance: • Financing independence: The Group has secured RMB400.00 million in bank facilities from six lenders without any controlling-shareholder guarantees; RMB210.60 million has been drawn. None of the existing bank loans carry shareholder guarantees. • Operational strength: The finance-leasing division, active for 16 years in Fujian, now covers five of nine prefecture-level cities and maintains a 12-person business development team with average industry experience exceeding 15 years. • Diversified portfolio: Core activities comprise (i) finance leasing services, (ii) a SaaS-based financial information services arm (CRM System “Rui Shun Tong”) that began contributing revenue in March 2025, and (iii) paper trading. • Clear growth roadmap: Finance leasing expansion is planned in three phases from 2H 2026 through 2028, targeting provincial coverage and selective penetration into Guangdong and Zhejiang via financial-intermediary referrals.

Financial performance and outlook: • Group revenue reached RMB45.40 million in FY2025 and RMB40.60 million in 1H 2026. Management projects revenue above RMB80.00 million for FY2026 and above RMB90.00 million for FY2027, underpinned by signed contracts and expanding customer bases. • Finance-leasing loan deployment totalled RMB270.00 million in 2025 and RMB217.90 million in 1H 2026; full-year deployment is forecast at RMB354.40 million in FY2026 and RMB365.00 million in FY2027. Interest income is expected to rise from RMB18.90 million in FY2025 to RMB33.10 million in FY2026 and RMB38.30 million in FY2027. • Service income from the Financial Information Services Business increased to RMB18.10 million in 1H 2026; the division targets RMB30.00 million in FY2026 and RMB36.10 million in FY2027, supported by client growth from 13 to 44 between January and August 2026. • Total assets expanded from RMB384.10 million at 31 December 2025 to RMB543.20 million at 30 June 2026, with net assets at RMB279.00 million and cash of RMB44.80 million at mid-year 2026.

With the above measures and disclosures in place, the Stock Exchange has accepted that Baiying Holdings now complies with GEM Rule 17.26 and all resumption guidance. Shareholders and investors are advised to exercise caution when dealing in the company’s securities.

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