Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of the announcement referred to by China Baoli Technologies Holdings Limited (the “Company”) and disclaim any liability whatsoever for any loss arising from reliance on its content. The Company’s quarterly update addresses the ongoing measures to resolve the Disclaimer of Opinion issued previously, underlining initiatives that have been taken to improve liquidity and financial stability.

According to the announcement, the Company has recorded a notable decrease in net liabilities as of 30 September 2025, moving from HK$360,815,000 to HK$304,341,000. This reduction is attributed to fundraising activities and plans to explore further share placements and other financing avenues suitable for capital base expansion and debt optimization.

The Company has also reached an agreement for a borrowing of approximately HK$11 million, extending repayment to January 2026. Meanwhile, negotiations continue with holders of matured GM Convertible Bonds regarding proposed new share subscriptions, which are expected to bolster funding for business development pending successful completion.

In Mongolia, the Company continues progress on its dry grinding and dry beneficiation (DGDB) operations by finalizing critical infrastructure and completing preliminary work, including power and water supply installations and technology selections. Revenue generation from the coal mine processing project is anticipated to commence in the first half of 2026. The Company is further examining the feasibility of additional DGDB applications at an iron ore site in the region, with in-house teams conducting geological exploration to evaluate potential for implementing DGDB technology solutions.

Regarding the convergence media business, the Company maintains steady content promotion advertising services on popular online platforms. It continues to serve major automotive brands, while also exploring potential collaborations or partnerships with multi-media companies to broaden service offerings.

The Company’s board emphasizes its efforts to carry out the measures required to address the underlying issues related to the Disclaimer of Opinion and will report on significant progress through further announcements.