Xunfeihealth (02506) has entered into an investment cooperation agreement with Hefei Big Data and further invested 6 million yuan.

Xunfei Health (02506) announced that on July 18, 2024, the company, in collaboration with Hefei Big Data, initiated the establishment of a target company to build a national artificial intelligence application pilot base in the field of primary health services. The initial registered capital of the target company is RMB 1.511 billion, with the company and Hefei Big Data holding 49% and 51% respectively. Due to adjustments in the construction funds for the pilot base project, on September 11, 2025, the company and Hefei Big Data entered into an investment cooperation agreement to reduce the capital of the target company from RMB 1.511 billion to RMB 200 million. After the reduction, the company and Hefei Big Data's shareholding ratio remains unchanged at 49% and 51% respectively. According to the investment cooperation agreement, the actual total investment from both parties is RMB 369 million, with Hefei Big Data investing approximately RMB 188 million and the company investing approximately RMB 181 million. The excess contribution above the subscribed registered capital (a total of RMB 169 million) should be fully included in the target company's capital surplus. On November 28, 2025, after further negotiations, the company and Hefei Big Data further invested RMB 12.24 million in the target company. Hefei Big Data contributed RMB 6.24 million, while the company contributed RMB 6 million. As the construction entity of the pilot base project, the target company has a total project investment of RMB 608 million, with RMB 243 million in support funds from the national long-term special treasury bonds and RMB 365 million as self-raised funds by the target company. These self-raised funds come from the contributions of the shareholders of the target company. After the approval of the preliminary design by the Hefei Development and Reform Commission, the shareholders of the target company have agreed to contribute RMB 381 million in total, with the company contributing RMB 187 million according to its shareholding ratio. The company confirms that the proceeds from the initial public offering were not used for the above-mentioned investments.