Vital Innovations Holdings Limited released unaudited interim results for the six months ended 30 June 2026.

Revenue and Profitability • Revenue fell to nil from RMB449.01 million a year earlier after management halted order-taking amid surging memory costs. • Loss before tax narrowed 25.66 % to RMB6.26 million (H1 2025: RMB8.42 million). • Basic and diluted loss per share improved to RMB0.74 cents from RMB0.99 cents.

Liquidity and Balance Sheet • Cash and bank balances jumped to RMB42.38 million, up from RMB2.14 million at 31 December 2025, lifting the current ratio to 5.6 (31 December 2025: 5.1). • Prepayments and deposits totalled RMB467.42 million, including RMB147.00 million of refundable deposits to secure handset supply and RMB320.42 million of advances to suppliers. • Trade and other receivables stood at RMB46.60 million, down RMB19.05 million since year-end following settlements. • Bank borrowings declined to RMB2.33 million, lowering the gearing ratio to 0.51 % (31 December 2025: 0.64 %).

Cash Recovery Efforts Since January 2026 the company has recouped about RMB46 million of prepayments/deposits and RMB18.80 million of trade receivables. Legal action has been initiated to recover roughly RMB450 million of outstanding balances.

Auditor Disclaimer and Going-Concern Measures The 2025 audit carried a disclaimer over going-concern uncertainties and the recoverability of large prepayments and receivables. Management’s mitigation plan includes accelerating collections, negotiating shareholder financial support, and tightening cost controls.

Operational Update No revenue was recognised from either the mobile & smart-appliance segment or LED segment during the period. Management cited elevated memory prices, weak demand and a “prudent wait-and-see” strategy to avoid negative margins.

Dividend and Trading Status The Board declared no interim dividend. Trading in the company’s shares has been suspended since 1 April 2026 and remains halted pending further notice.