Chijet disposal reshapes Digital Currency X (DCX) pro forma results

Rhea-AI Filing Summary

Digital Currency X Technology Inc. has provided unaudited pro forma financials showing the impact of disposing its wholly owned subsidiary Chijet Inc., which contained its entire new energy vehicle business, for cash consideration of $1.

On a pro forma basis as of December 31, 2025, total assets fall from $866,684k to $405,905k, largely reflecting removal of discontinued operations, while cryptocurrencies of $401,963k remain. Total liabilities drop sharply from $709,198k to $96k, and shareholders’ equity rises to $405,809k.

For 2025, pro forma results exclude large historical losses from discontinued operations and instead reflect a gain on disposal of $261,469k, turning a reported net loss of $30,074k into pro forma net income of $332,132k, or $139.40 per share on 2,337,678 weighted average shares.

Insights

Cross-border equity & accounting analyst

Chijet disposal removes a loss-making unit and radically reshapes DCX’s balance sheet and earnings profile.

The pro forma data isolate Digital Currency X after transferring all assets and liabilities of the Chijet vehicle business for nominal $1. Liabilities shrink from $709,198k to $96k, while equity jumps to $405,809k. Cryptocurrencies of $401,963k dominate remaining assets.

For 2023–2025, large discontinued-operation losses are removed and replaced by multi-year disposal gains, creating substantial pro forma net income and very high earnings per share. However, revenues are zero in all pro forma years and operating expenses are mainly selling, general and administrative costs, so future performance will depend on whatever business model DCX pursues post-disposal.

Key Figures

Total assets (pre vs. pro forma): $866,684k vs. $405,905k Total liabilities (pre vs. pro forma): $709,198k vs. $96k Cryptocurrencies balance: $401,963k +5 more

8 metrics

Total assets (pre vs. pro forma) $866,684k vs. $405,905k As of December 31, 2025; removal of discontinued operations

Total liabilities (pre vs. pro forma) $709,198k vs. $96k As of December 31, 2025; Chijet group deconsolidated

Cryptocurrencies balance $401,963k Pro forma balance sheet, December 31, 2025

Shareholders’ equity (pro forma) $405,809k Digital Currency X shareholders’ equity after disposal, 2025

2025 gain on disposal $261,469k Pro forma combined statement of operations, 2025

2025 net income (pro forma) $332,132k Includes gain on disposal; continuing plus discontinued, 2025

2025 EPS basic and diluted (pro forma) $139.40 per share Net income attributable to DCX; 2,337,678 shares

Disposal consideration $1 cash Purchase price for Chijet Inc. and subsidiaries

Key Terms

unaudited pro forma condensed financial information, discontinued operations, gain from disposal of discontinued operations, deconsolidation, +2 more

6 terms

unaudited pro forma condensed financial information financial

"the Company is furnishing, as Exhibit 99.1… its unaudited pro forma condensed financial information"

discontinued operations financial

"Current assets of discontinued operations… Net loss from discontinued operations, net of income taxes"

Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.

gain from disposal of discontinued operations financial

"Gain from disposal of discontinued operations, net of income taxes"

deconsolidation financial

"under the deconsolidation method of accounting in accordance with Financial Accounting Standards Board"

Deconsolidation occurs when a company stops combining another business’s financial results and balances with its own—usually because it no longer controls that business. For investors this matters because it can suddenly shrink reported revenue, assets, debt and profit, or create a one‑time gain or loss, changing how risky or profitable the remaining company appears; think of it like removing a roommate from a shared household budget and seeing your monthly totals change.

ASC 810, Consolidation financial

"in accordance with Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 810, Consolidation"

non-controlling interests financial

"Non-controlling interests… Less: Net loss attributable to non-controlling interests"

An ownership stake in a subsidiary held by outside shareholders rather than the parent company, representing the portion of that subsidiary’s assets and profits the parent does not control. For investors, it shows what part of consolidated earnings and equity belongs to others — like a roommate who owns part of a house — which affects how much value and profit per share are truly attributable to the parent company’s shareholders.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-41712

Digital Currency X Technology Inc.

(Exact name of registrant as specified in its charter)

Room 1101, 11/F., Capital Centre

151 Gloucester Road, Wanchai

Hong Kong

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

As previously reported in the Company’s Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on March 20, 2026, Digital Currency X Technology Inc. (the “Company”) entered into a share purchase agreement for the disposal of its wholly-owned subsidiary, Chijet Inc. (the “Disposal”).

In connection with the Disposal, the Company is furnishing, as Exhibit 99.1 to this Report on Form 6-K, its unaudited pro forma condensed financial information. This information was prepared in conformity with Article 11 of Regulation S-X and includes the unaudited pro forma condensed balance sheet as of December 31, 2025, and the unaudited pro forma condensed statements of comprehensive income for the fiscal years ended December 31, 2023, 2024, and 2025.

The pro forma financial information presents the estimated effects of the Disposal on the Company’s financial position and results of operations as if the Disposal had occurred on the relevant dates. This information is provided for illustrative purposes only and does not purport to represent what the Company’s actual financial position or results of operations would have been had the Disposal occurred on the dates indicated, nor is it necessarily indicative of the Company’s future operating results or financial position.

This report on Form 6-K and the attached exhibit are incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-281314), as amended, and into each prospectus outstanding under the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Exhibits

Exhibit No.		Description
99.1		Unaudited pro forma condensed balance sheet as of December 31, 2025 and condensed statements of comprehensive income for the fiscal years ended December 31, 2023, 2024, and 2025

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Digital Currency X Technology Inc.
	By:	/s/ Dongchun Fan
	Name:	Dongchun Fan
	Title:	Chief Financial Officer

Date: May 7, 2026

Exhibit 99.1

PRO FORMA FINANCIAL INFORMATION

The following unaudited pro forma financial information has been derived from our historical audited financial statements for the year ended December 31, 2025 incorporated by reference from our Annual Report on Form 20-F for the year ended December 31, 2025.

The unaudited pro forma financial information is presented for informational purposes only, and is not necessarily indicative of future results of operations and should not be viewed as indicative of future results of operations. You should read the following unaudited pro forma financial information together with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our historical consolidated financial statements, including the related notes, all of which are incorporated herein by reference from our Annual Report on Form 20-F for the year ended December 31, 2025.

DIGITAL CURRENCY X TECHNOLOGY INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA COMBINED BALANCE SHEETS

(Amounts in thousands of US$, except for number of shares and per share data)

		December 31, 2025				Pro Forma Adjustments				Note				Pro Forma Combined
ASSETS
Current Assets
Cash and cash equivalents		$	3,942			$	-							$	3,942
Cryptocurrencies			401,963				-								401,963
Current assets of discontinued operations			460,779				(460,779	)			(a)				-
Total Current Assets			866,684				(460,779	)							405,905
Total Assets		$	866,684			$	(460,779	)						$	405,905
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accruals and other current liabilities		$	14				-							$	14
Accruals and other current liabilities, related parties			82				-								82
Current liabilities of discontinued operations			709,102				(709,102	)			(a)				-
Total Current Liabilities			709,198				(709,102	)							96
Total Liabilities			709,198				(709,102	)							96
Commitments and Contingencies
Shareholders’ Equity
Class A Ordinary Shares (US$3.6 per share, 831,833,333 shares authorized; 19,560,823 shares issued, 19,560,821 shares outstanding as of December 31, 2025)			70,419				-								70,419
Class B Ordinary Shares (US$3.6 per share, 1,500,000 shares authorized; 1,334 shares issued and outstanding as of December 31, 2025)			5				-								5
Treasury Shares (2 ordinary shares as of December 31, 2025）			(500	)			-								(500	)
Additional paid-in capital			445,411				-								445,411
Statutory reserve			6,656				(6,656	)			(a)				-
Accumulated deficits			(370,995	)			261,469				(a)				(109,526	)
Accumulated other comprehensive loss			(30	)			30				(a)				-
Total Digital Currency X Technology Inc. Shareholders’ Equity			150,966				254,843								405,809
Non-controlling interests			6,520				(6,520	)			(a)				-
Total Equity			157,486				248,323								405,809
Total Liabilities and Shareholders’ Equity		$	866,684			$	(460,779	)						$	405,905

DIGITAL CURRENCY X TECHNOLOGY INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

(Amounts in thousands of US$, except for number of shares and per share data)

		For the Year Ended December 31, 2025				Pro Forma Adjustments				Note				Pro Forma Combined
Revenues		$	-			$	-							$	-
Cost of revenues			-				-								-
Gross profit			-				-								-
Operating Expenses
Selling, general and administrative			8,398				-								8,398
Total Operating Expenses			8,398				-								8,398
Loss from Operations			(8,398	)			-								(8,398	)
Other income (expense):
Realized loss on sale/exchange of cryptocurrencies			(4,268	)			-								(4,268	)
Gain on fair value changes of cryptocurrencies			83,330												83,330
Other expenses			(1	)			-								(1	)
Total other income, net			79,061				-								79,061
Income before income taxes			70,663				-								70,663
Provision for income tax			-				-								-
Net income from continuing operations			70,663				-								70,663
Discontinued operations:
Net loss from discontinued operations, net of income taxes			(100,737	)			100,737				(b)				-
Gain from disposal of discontinued operations, net of income taxes			-				261,469				(e)				261,469
Net (loss) income from discontinued operations			(100,737	)			362,206								261,469
Net (loss) income			(30,074	)			362,206								332,132
Less: Net loss attributable to non-controlling interests			(26,460	)			26,460				(b)				-
Deemed dividend attributable to down round feature of warrants			6,251				-								6,251
Net (Loss) Income Attributable to Digital Currency X Technology Inc.		$	(9,865	)		$	335,746							$	325,881
Weighted average number of ordinary shares
Basic and diluted weighted average ordinary shares outstanding			2,337,678												2,337,678
Loss per Share
Basic and diluted net (loss) income per share attributable to Digital Currency X Technology Inc.		$	(4.22	)										$	139.40

DIGITAL CURRENCY X TECHNOLOGY INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

(Amounts in thousands of US$, except for number of shares and per share data)

		For the Year Ended December 31, 2024				Pro Forma Adjustments				Note				Pro Forma Combined
Revenues		$	-			$	-							$	-
Cost of revenues			-				-								-
Gross profit			-				-								-
Operating Expenses
Selling, general and administrative			2,425				-								2,425
Total Operating Expenses			2,425				-								2,425
Loss from Operations			(2,425	)			-								(2,425	)
Income before income taxes			(2,425	)			-								(2,425	)
Provision for income tax			-				-								-
Net income from continuing operations			(2,425	)			-								(2,425	)
Discontinued operations:
Net loss from discontinued operations, net of income taxes			(66,580	)			66,580				(c)				-
Gain from disposal of discontinued operations, net of income taxes			-				191,250				(e)				191,250
Net (loss) income from discontinued operations			(66,580	)			257,830								191,250
Net (loss) income			(69,005	)			257,830								188,825
Less: Net loss attributable to non-controlling interests			(22,110	)			22,110				(c)				-
Net (Loss) Income Attributable to Digital Currency X Technology Inc.		$	(46,895	)		$	235,720							$	188,825
Weighted average number of ordinary shares
Basic and diluted weighted average ordinary shares outstanding			4,511												4,511
Loss per Share
Basic and diluted net (loss) income per share attributable to Digital Currency X Technology Inc.		$	(10,396.74	)										$	41,858.79

DIGITAL CURRENCY X TECHNOLOGY INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS

(Amounts in thousands of US$, except for number of shares and per share data)

		For the Year Ended December 31, 2023				Pro Forma Adjustments				Note				Pro Forma Combined
Revenues		$	-			$	-							$	-
Cost of revenues			-				-								-
Gross profit			-				-								-
Operating Expenses
Selling, general and administrative			3,593				-								3,593
Total Operating Expenses			3,593				-								3,593
Loss from Operations			(3,593	)			-								(3,593	)
Income before income taxes			(3,593	)			-								(3,593	)
Provision for income tax			-				-								-
Net income from continuing operations			(3,593	)			-								(3,593	)
Discontinued operations:
Net loss from discontinued operations, net of income taxes			(94,908	)			94,908				(d)				-
Gain from disposal of discontinued operations, net of income taxes			-				314,235				(e)				314,235
Net (loss) income from discontinued operations			(94,908	)			409,143								314,235
Net (loss) income			(98,501	)			409,143								310,642
Less: Net loss attributable to non-controlling interests			(30,390	)			30,390				(d)				-
Net (Loss) Income Attributable to Digital Currency X Technology Inc.		$	(68,111	)		$	378,753							$	310,642
Weighted average number of ordinary shares
Basic and diluted weighted average ordinary shares outstanding			4,401												4,401
Loss per Share
Basic and diluted net (loss) income per share attributable to Digital Currency X Technology Inc.		$	(15,476.19	)										$	70,584.41

Note 1 — Description of Transactions

Disposition of Chijet Inc. and its subsidiaries

Historically Digital Currency X Technology Inc. (the “Company”), collectively with its subsidiaries, was engaged in the development, manufacture, sales, and service of new energy vehicles, hybrid vehicles and traditional fuel vehicles in China.

On March 18, 2026, the Company entered into an agreement to dispose its interests in Chijet Inc. and its subsidiaries (the “Disposed Group”) to an unrelated third party for a cash consideration of US$1. The disposal was completed on March 20, 2026. The Disposed Group represented the Company’s new energy vehicle business and constituted a strategic shift that had a major effect on the Company’s operations and financial results, as it generated substantially all of the Company’s historical revenues. Pursuant to the Disposition SPA, the Purchaser agreed to purchase the Disposed Group in exchange for nominal cash consideration of US$1 (the “Purchase Price”). Upon the closing of the transaction contemplated by the Disposition SPA, the Purchaser became the sole shareholder of Disposed Group and as a result, assume all assets and liabilities of Disposed Group and subsidiaries owned or controlled by Disposed Group.

Note 2 — Basis of Presentation

Disposition of Chijet Inc. and its subsidiaries

The unaudited pro forma condensed combined financial statements give effect to the disposition of the legacy business under the deconsolidation method of accounting in accordance with Financial Accounting Standards Board (FASB) Accounting Standard Codification (“ASC”) Topic 810, Consolidation (“ASC 805”).

The unaudited pro forma condensed combined balance sheet as of December 31, 2025 assumes that disposition of the Disposed Group was completed on December 31, 2025.

The unaudited pro forma condensed combined statement of operations information for the year ended December 31, 2025 and gives pro forma effect to the disposition of the Disposed Group as if it had occurred on January 1, 2025.

The unaudited pro forma condensed combined statement of operations information for the year ended December 31, 2024 and gives pro forma effect to the disposition of the Disposed Group as if it had occurred on January 1, 2024.

The unaudited pro forma condensed combined statement of operations information for the year ended December 31, 2023 and gives pro forma effect to the disposition of the Disposed Group as if it had occurred on January 1, 2023.

Note 3 — Notes and Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet Adjustments

The pro forma adjustments to the unaudited pro forma condensed combined balance sheet consist of the following:

(a) Reflects the disposal of the Disposed Group for a consideration price of $1 on March 20, 2026.

Note 4 — Notes and Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations

The pro forma adjustments to the unaudited pro forma condensed combined statements of operations consist of the following:

	(b)	Unaudited pro forma condensed consolidated income statement information for the year ended December 31, 2025, reflects the disposal of the Disposed Group as if the disposal of the Disposed Group had occurred on January 1, 2025.
	(c)	Unaudited pro forma condensed consolidated income statement information for the year ended December 31, 2024, reflects the disposal of the Disposed Group as if the disposal of the Disposed Group had occurred on January 1, 2024.
	(d)	Unaudited pro forma condensed consolidated income statement information for the year ended December 31, 2023, reflects the disposal of the Disposed Group as if the disposal of the Disposed Group had occurred on January 1, 2023.
	(e)	Reflects the gain from disposal of the Disposed Group.

FAQ

What major transaction does Digital Currency X (DCX) describe in this 6-K?

Digital Currency X completed the disposal of its wholly owned subsidiary Chijet Inc. and its subsidiaries for cash consideration of $1. Chijet contained the company’s new energy vehicle business, which historically generated substantially all revenues, so the disposal represents a major strategic shift in operations and financial results.

How does the Chijet disposal affect DCX’s pro forma balance sheet?

After removing Chijet, pro forma total assets as of December 31, 2025 decline from $866,684k to $405,905k. Total liabilities drop from $709,198k to just $96k, while shareholders’ equity attributable to Digital Currency X rises to $405,809k, significantly strengthening net position.

What role do cryptocurrencies play in DCX’s pro forma financial position?

Cryptocurrencies remain a key asset, totaling $401,963k on the pro forma balance sheet as of December 31, 2025. With discontinued operations removed, these crypto holdings account for nearly all continuing assets, highlighting substantial exposure to digital asset values on the streamlined post-disposal balance sheet.

How did the Chijet disposal change DCX’s 2025 pro forma earnings?

For 2025, reported net loss of $30,074k becomes pro forma net income of $332,132k after removing discontinued-operation losses and recognizing a disposal gain of $261,469k. Net income attributable to Digital Currency X improves to $325,881k, or $139.40 basic and diluted earnings per share.

What do DCX’s pro forma revenues and operating expenses look like after the disposal?

In the pro forma statements for 2023, 2024, and 2025, revenues are zero and cost of revenues is zero, reflecting removal of the vehicle business. The company still records selling, general and administrative expenses of $3,593k, $2,425k, and $8,398k for 2023, 2024, and 2025, respectively.

How are non-controlling interests treated in the DCX pro forma results?

Historically, net losses from discontinued operations included amounts attributable to non-controlling interests. The pro forma statements adjust these, eliminating non-controlling interests of $30,390k, $22,110k, and $26,460k for 2023, 2024, and 2025, respectively, leaving all pro forma net income fully attributable to Digital Currency X shareholders.

Filing Exhibits & Attachments

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