ShenZhen HuiJie Group (002763.SZ): understance brand terminates operation.

Shenzhen HuiJie Group (002763.SZ) announced that due to frequent changes in the tariff policies between China and the United States, as well as between the United States and Canada over the past year, and the uncertainty of future tariff policies between China and the United States and between the United States and Canada, the company has decided to terminate the operations of the understance brand and gradually clear the inventory. As of November 30, 2025, the book value of understance brand inventory is approximately 10.49 million Canadian dollars (unaudited), and it is estimated that a provision for inventory write-down of approximately 18.10 million RMB should be made in the fourth quarter of 2025. Recently, the Canadian subsidiary EASY INTIMATES LTD. reached an agreement with the landlord on the early termination of the lease for the North American warehouse, with the warehouse expected to be vacated by September 30, 2026. The company will pay approximately 3 million Canadian dollars in lease termination fees to the landlord, and it is estimated that the one-time costs resulting from the lease termination, deposit losses, and other expenses will lead to a total loss of approximately 15.92 million RMB for the company in 2025.