High Templar Faces RMB790M Tax Bill as H1 Revenue Falls 72.7%
Xiamen – October 14, 2026 -- High Templar Tech Limited (NYSE: HTT) will bear a tax liability of RMB790 million (US$116 million) tied to historical restructurings of two consolidated entities, as first-half 2026 revenue fell 72.7% to RMB8.0 million (US$1.2 million) after the company fully wound down its last-mile delivery business.
Tax notice targets CEO Luo Min over past equity restructurings
The Xiamen Municipal Tax Bureau issued a notice to Chairman and CEO Luo Min concerning equity restructurings of Xiamen Qudian Technology Co., Ltd. and Xiamen Lexiang Time Technology Co., Ltd. Under PRC tax law, the restructurings are taxable events for Mr. Luo, subject to individual income tax as income from transfer of property.