Leyard subsidiary receives cumulative US$16.56 million in US tax refunds and interest

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Leyard announced that its subsidiary has cumulatively received US$16.56 million in US tariff refunds and interest. Following a US Supreme Court ruling in February 2026 that the additional import tariffs lacked legal authorization and must be fully refunded with interest, US Customs began processing refunds on April 20, 2026. To date, the company has received total tariff and interest refunds of US$16.56 million, comprising US$16.04 million in tariffs and US$520,000 in interest, equivalent to approximately 112 million yuan. In the first quarter of 2026, Leyard achieved revenue of 1.304 billion yuan and net profit attributable to the parent of 17.01 million yuan.

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