Mirxes outlines roadmap to resume trading after US$14.00 million prepayment probe stalls FY2025 audit

Mirxes Holding Company Limited reported that the Hong Kong Stock Exchange (HKEX) has issued six specific resumption conditions following the suspension of its shares on 1 April 2026.

Key resumption requirements 1. Independent forensic investigation: Mirxes must complete and disclose an investigation into fourteen prepayments totaling approximately US$14.00 million made in FY2025, related post-year-end cash outflows, and any similar transactions, and implement remedial actions. 2. Management integrity: The company must prove no regulatory concerns exist regarding senior executives or influential parties. 3. Internal controls: An external consultant must confirm all material control deficiencies have been rectified and that Listing Rule compliance procedures are effective. 4. Financial reporting: All outstanding results must be published and any audit modifications addressed. 5. Listing Rule 13.24 compliance: Mirxes must demonstrate it has a viable business and sufficient operations. 6. Market disclosure: Full disclosure of all information material to investors is required.

Delisting clock and reporting obligations • Under Rule 6.01A(1), HKEX may cancel the listing if trading is not resumed within 18 months; Mirxes faces a hard deadline of 30 September 2027. • Quarterly progress updates are mandatory, with the first report due by 1 July 2026.

Audit triggers for suspension KPMG, the group’s auditor, delayed signing off FY2025 accounts after flagging: • Fourteen prepayments to multiple vendors amounting to US$14.00 million. • Insufficient evidence on the commercial rationale, vendor relationships, procurement compliance and pricing of those prepayments. • “Material” post-31 December 2025 cash outflows whose business purpose remains unverified.

Governance measures • An Independent Investigation Committee (IIC) is overseeing the forensic review and will seek KPMG’s validation that findings fully address audit issues. • Somerley Capital Limited continues as compliance adviser throughout the remedial period.

Trading status Mirxes shares remain suspended; any further updates will be disclosed in accordance with Listing Rules. Investors are advised to exercise caution when dealing in the company’s securities.