Fintech Chain Launches AI IoT SaaS as ASX Delisting Gains Shareholder Backing

• Q1 cash receipts of RMB 23.3 million with net operating inflows of RMB 2.6 million
• Cash balance declined from RMB 12.8 million to RMB 4.0 million due to loan repayments and costs
• Launch of new AI-driven IoT SaaS hardware product increased manufacturing expenses
• ASX delisting approved by 99.75% of shareholders, citing disproportionate listing costs