Q TECH (01478) announced that on January 20, 2026, its Indian subsidiary received a ruling dated January 20, 2026, from the Income Tax Appellate Tribunal. According to this ruling, the Tribunal determined that the relevant Indian tax authorities involved in the entire tax investigation process had no jurisdiction over the Indian subsidiary. Consequently, all subsequent procedures, including the final assessment order, were declared legally invalid and revoked, meaning the Indian subsidiary is not required to pay the income tax and interest as stipulated in the final assessment order. However, both the Indian subsidiary and the relevant Indian tax authorities have the right to appeal this ruling to the Indian High Court within 90 days from the date the ruling was issued. Prior to receiving the ruling, the Company had already made provisions for the tax amounts involved in the related matter, adjusted the deferred tax assets of the Indian subsidiary, and made additional provisions, collectively referred to as the provisions and deferred tax assets adjustment. As of December 31, 2025, the total amount involved was approximately RMB 152 million. Despite having received the aforementioned ruling, and considering that the ruling is still within the appeal period, the Company has not yet been informed whether the relevant Indian tax authorities have appealed the ruling, and it is currently unable to determine whether they will or will not file an appeal. Therefore, as of the date of this announcement, the Company has not yet made any reversal or further adjustment to the provisions and deferred tax assets adjustment.