Shenzhen Huijie Group Co. announced the deregistration of its wholly owned Canadian subsidiary EASY INTIMATES LTD., citing the termination of the North American understance brand. The decision was approved at the second meeting of the company's sixth board of directors, which authorized management to handle related matters. The subsidiary has a cumulative investment of 70 million Canadian dollars. As of June 30, 2026, its total assets were approximately 32.9966 million yuan, net assets approximately 26.1648 million yuan, and half-year revenue approximately 23.6555 million yuan, with a net loss of 6.9516 million yuan. In 2025, the subsidiary reported revenue of approximately 67.803 million yuan and a net loss of 110.0956 million yuan. The company said the deregistration is not expected to have a material impact on future financial condition or operating results, does not constitute a related-party transaction or major asset restructuring, and does not require submission to the shareholders' meeting for approval.
Shenzhen Huijie Group Co LtdDeregistration of Canadian subsidiary with ongoing losses, though company says no material impact.
