XChange TEC.INC reported unaudited condensed consolidated financial results for the six months ended March 31, 2026. Revenues increased 12.6% to RMB 197.8 million (US$28.7 million) compared to RMB 175.7 million in the prior-year period. Net loss decreased significantly to RMB 17.9 million (US$2.6 million) from RMB 677.7 million in the first half of 2025, primarily due to the absence of a large goodwill impairment charge. On April 15, 2026, the company entered into a Securities Purchase Agreement with VG, granting it the right to require VG to purchase up to $100 million of Class A Ordinary Shares represented by ADSs. The company noted substantial doubt regarding its ability to continue as a going concern due to accumulated deficits and current liabilities exceeding current assets. XChange TEC.INC is an insurance agency and insurance technology company operating in China.