Mirxes Holding Company Limited (Mirxes) announced an additional delay in releasing its FY2025 audited results after external auditor KPMG flagged issues involving 14 prepayment transactions totaling roughly US$14.80 million. Most of the transactions were executed in 2H 2025 for new projects that later stalled or failed to launch as planned.

Approximately US$9.50 million of the questioned prepayments has been returned by vendors, leaving about US$5.30 million still outstanding for completed or ongoing work. KPMG requires further independent review of these transactions before it can finalize the audit opinion.

To expedite resolution, the board unanimously established an Independent Investigation Committee (IIC) chaired by independent non-executive director Dr. Lam Sin Lai Judy and comprising Mr. Fang Xiao. The IIC has engaged Karas So LLP and Alvarez & Marsal Disputes and Investigations Limited to conduct a focused review of the 14 transactions, evaluate related internal-control compliance, and report findings directly to the board. The investigation is currently in progress.

Mirxes’ shares have been suspended from trading on the Hong Kong Stock Exchange since 9:00 a.m. on 1 April 2026 and will remain suspended until further notice. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.