High Templar Tech Ltd

The Group historically focused on providing credit solutions to consumers. In December 2022, the Group launched its last-mile delivery business, "Fast Horse," which achieved meaningful scale in Australia during the second quarter of 2023. In 2025, the Group decided to discontinue this business and is currently winding down operations. The Group also launched an aircraft leasing business in September 2023, leasing aircraft to third parties. As of March 31, 2026, the Group owned two aircraft. This business is currently in its initial stage and has not reached meaningful scale. The Group historically operated a loan book business in China, offering small credit products to consumers and undertaking credit risk. The Group ceased new credit offerings in China on September 6, 2022, and had no outstanding loan balance from this business since the end of 2022. Historically, the Group generated income from various sources, including financing income, loan facilitation income, and guarantee income from cash credit products; sales income from the QD Food business; educational services income from Wanlimu Kids Clubs; financing income and sales commission from merchandise credit products; and transaction services fees. The Group also generated sales income from merchandise sales on the Wanlimu e-commerce platform, which was fully wound down in April 2024. Additionally, before 2024, the Group offered budget auto financing products, generating sales and financing income, and began winding down this business in the second quarter of 2019.