Q Technology (Group) Company Limited (Stock Code: 1478) Announces Latest Update on Q Tech India’s Tax Dispute

Bulletin Express01-27

Q Technology (Group) Company Limited (the Company) reported that on 20 January 2026, Kunshan Q Tech Microelectronic (India) Private Limited (Q Tech India), which became an associate of the Company on 26 September 2025, received an order dated 20 January 2026 from the Income Tax Appellate Tribunal (ITAT) in India. According to the order, the ITAT held that the relevant Indian tax authority had no jurisdiction over Q Tech India, rendering the prior proceedings legally invalid and quashing them. As a result, Q Tech India is currently not liable to pay the previously disputed income tax and interest.

Q Tech India and the relevant Indian tax authority both retain the right to file an appeal to the High Court of India within 90 days of the order. Prior to receiving the order, the Company had recognized provisions and adjusted deferred tax assets, totaling approximately RMB152.146 million as of 31 December 2025. Since it remains unclear whether an appeal will be filed, no reversals or further adjustments to these figures have been made at this stage.

The Company advises shareholders and potential investors to remain cautious in any dealings with its shares and will issue further announcements if there are any significant developments regarding Q Tech India’s tax dispute.

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