• ShiFang Holding issued a clarification denying market rumors it planned to invest in Fuzhou Xin Shang Postpartum Care Center or cover employee wage arrears.
• Actions tied to Xu Wensheng via “Shifang Xin Shang”-named registrations lacked board authorization; any related obligations were rejected.
• Revenue fell to RMB 24.6 million from RMB 56.6 million for the 18 months ended June 30, 2024, driven by RMB 32 million agricultural product returns.
• Administrative expenses dropped to RMB 23.11 million from RMB 42.68 million, reflecting outsourced real estate marketing operations and customer settlements.
• Revenue recognition for the earlier period was defended under IFRS 15, citing transfer of control at contract signing despite no physical delivery.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ShiFang Holding Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260710-12241855), on July 10, 2026, and is solely responsible for the information contained therein.