Guangdong Xiaomai Technology Co., Ltd. (hereinafter referred to as "the Company") convened its 2026 third extraordinary general meeting on April 24, 2026, and approved the proposal regarding the company's uncovered losses reaching one-third of the total paid-in capital. This proposal requires submission to the 2025 annual general meeting for consideration.
1. Situation Overview
According to the report from Zhonghua Certified Public Accountants (Special General Partnership), as of December 31, 2025, the company’s uncovered losses amounted to ¥299,032,383.61, while the paid-in capital was ¥332,349,876. The total amount of uncovered losses is one-third of the paid-in capital. Based on relevant provisions of the Company Law of the People's Republic of China and the Articles of Association, this matter requires submission to the general meeting for consideration.
2. Main Reasons for Uncovered Losses
- The report period experienced a single-period decline in revenue due to reduced income from core business activities, leading to decreased profitability and fixed costs.
- The implementation of the project during the reporting period resulted in significant operational costs, which adversely affected profitability.
- This report period proposed measures to mitigate losses and improve profit margins.
3. Response Measures
To effectively address the operational issues, the company will implement measures to stabilize business operations, enhance financial management, and streamline processes.