Core Viewpoint - The court ruling on January 20, 2026, determined that the Indian tax authorities had no jurisdiction over the tax investigation involving the Indian subsidiary of the company, leading to the invalidation of all subsequent procedures, including the final assessment order, which means the subsidiary is not required to pay the assessed income tax and interest [1] Group 1 - The Indian tax appeal court ruled that the tax authorities had no jurisdiction over the Indian subsidiary during the tax investigation process [1] - The ruling invalidates all subsequent procedures related to the tax assessment, allowing the Indian subsidiary to avoid paying the assessed income tax and interest [1] - The company had previously made provisions and adjustments related to the tax amount involved, totaling approximately RMB 152 million as of December 31, 2025 [1] Group 2 - The company has not yet reversed or made further adjustments to the provisions and deferred tax asset adjustments due to the ongoing appeal period [1] - The Indian tax authorities have a 90-day window from the date of the ruling to appeal to the High Court [1] - As of the announcement date, the company has not been informed of any appeal filed by the Indian tax authorities regarding the ruling [1]
丘钛科技(01478)：暂未对拨备及递延所得税资产调整进行回拨或作进一步调整