CR Holdings (01911) plans to spend approximately 308 million yuan to acquire two portfolios of non-performing assets.

CR Holdings (01911) announced that on December 31, 2025 (after trading hours), Lishui Langxing Self-funded Investment Partnership Enterprise (Limited Partnership) (wholly owned by the Group) intends to acquire non-performing asset portfolios from Fuzhou Qifu Finance Guarantee Co., Ltd. and Fuzhou Qifu Network Small Loan Co., Ltd. The consideration for Portfolio I and Portfolio II is approximately RMB 277.1 million and RMB 31.2 million respectively. According to the transfer agreement, the non-performing asset portfolio I to be transferred includes a bad personal consumer debt portfolio owed by Seller I. As of December 1, 2025, the outstanding principal balance of the debt is approximately RMB 6.677 billion (excluding accrued interest and penalties). All debts in this portfolio are borne by individual debtors, with an average overdue period of 854 days, with around 20% of debts overdue for one to two years, and no collateral involved. According to the transfer agreement II, the non-performing asset portfolio II to be transferred includes a bad personal consumer debt portfolio owed by Seller II. As of December 1, 2025, the outstanding principal balance of the debt is approximately RMB 7.52 billion (excluding accrued interest and penalties). All debts in this portfolio are borne by individual debtors, with an average overdue period of 439 days, with around 38% of debts overdue for one to two years, and no collateral involved. This acquisition provides the Group with a good opportunity, as the market continues to recover, the Group expects the repayment of relevant debts to improve over time, and the Group is confident that a significant portion of the debts can be recovered over time, expecting this move to bring substantial investment returns for the Group. The company believes that this acquisition will (i) expand the Group's self-funded investment scope; (ii) enhance investment returns and create value for shareholders, as the recovery value over time may exceed the purchase price paid by the Group; and (iii) diversify the Group's income sources through increasing credit-related assets, with the expectation that the asset portfolio will continue to generate income for the Group in the future and increase cash flow.