Elephant Holdings revises FY2026 net proceeds use for AI business upgrades to HK$16.2 million

• Elephant Holdings issued a clarification on disclosures in its annual results announcement and annual report for the year ended March 31, 2026.
• Corrected net proceeds use for AI business development, maintenance, upgrades from HK$6 million utilized to HK$16.2 million utilized as of March 31, 2026.
• Removed HK$10.2 million unutilized balance for that item; expected full-utilization timeline changed from 2026 Q4 to not applicable.
• Revised subtotal utilized for development, maintenance, upgrades to HK$17 million from HK$6.8 million.
• Updated total utilized net proceeds to HK$27.4 million from HK$17.2 million; unutilized balance cut to HK$6.2 million from HK$16.4 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elephant Holdings Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260817-12287125), on August 17, 2026, and is solely responsible for the information contained therein.