Understanding the Market | YEEBO (INT'L H) declines over 22% as its joint venture company is suspected of financial fraud and has been filed by the Securities Regulatory Commission

YEEBO (INT'L H) saw its afternoon decline expand by over 22%. As of the time of writing, it has dropped by 21.41%, trading at HKD 3.45, with a transaction volume of HKD 23.7019 million. In terms of news, YEEBO (INT'L H) announced that Suzhou Qingyue (a joint venture company, whose shares are listed on the Shanghai Stock Exchange's STAR Market, in which the group holds approximately 28.08% equity) received a "Notice of Case Filing" from the China Securities Regulatory Commission regarding suspected false records in Suzhou Qingyue's periodic financial reports on November 1, 2025. Suzhou Qingyue further announced that it will fully cooperate with the investigation by the China Securities Regulatory Commission. Additionally, Suzhou Qingyue's business remains in normal operation. Public information shows that Qingyue Technology was established in 2010 and is a supplier dedicated to providing overall solutions for IoT terminal displays, mainly engaged in the research, production, and sales of new display devices such as OLEDs. The company was listed on the STAR Market in December 2022. Recently, YEEBO (INT'L H) announced that Suzhou Qingyue's loss attributable to owners for the third quarter of 2025 is approximately RMB 13 million, and the loss attributable to owners for the first three quarters of 2025 is approximately RMB 43 million