WAI CHUN BIOTEC (00660) has been authorized by Henan Province to be the global exclusive overseas general agent for its crane and mining equipment products.

WAI CHUN BIOTEC (00660) announced that on August 5, 2026 (after trading hours), the company officially signed the "Overseas General Agency Authorization Agreement" with Henan Mine Crane Co., Ltd. (the Licensor). Accordingly, the company has been appointed by the Licensor as the exclusive overseas general agent for its crane and mining equipment products globally (excluding Mainland China). Authorization content: The Licensor hereby authorizes the company to be its overseas general agent for crane products (including but not limited to "Mine Source" brand bridge cranes, gantry cranes, electric hoists, and related accessories for mining equipment). The group has been actively seeking high-quality business opportunities with substantial growth potential to diversify its revenue sources and maximize value for its shareholders. The establishment of this exclusive overseas general agency marks a historically significant milestone in the groups endeavor for business diversification. The Board of Directors believes that this strategic cooperation has extremely clear commercial logic and far-reaching strategic benefits: 1. Strategic partnership leveraging Hong Kong's international hub advantages to break new ground: This collaboration perfectly combines the Licensors strong equipment manufacturing capabilities with the groups robust international business development skills. The company will leverage Hong Kong as a strategic pivot of an international trade center to transform the group's existing overseas channel resources and multinational compliance operating experience, building an efficient global sales network for Chinas top heavy machinery. The two parties will precisely connect at both the "industry end" and the "channel end," achieving a high degree of alignment in commercial logic and truly complementing each others strengths. 2. Seizing the global infrastructure blue ocean, capturing the immense increment from the "Belt and Road" initiative: With the comprehensive recovery of global infrastructure construction and the in-depth advancement of China's "Belt and Road" initiative, the demand for high-quality cranes and heavy mining equipment in overseas markets is experiencing explosive growth. The companys acquisition of the exclusive agency rights for "all countries except Mainland China" undoubtedly secures the key to accessing this vast blue ocean, with immense potential for future market increment. 3. Light asset high profit model, creating a robust "diversification growth curve": According to the agreement, the company enjoys excellent commercial terms of "purchase at base price, self-pricing, and all premium returns to the company." This means the company does not need to bear heavy capital expenditures for production and manufacturing, and can achieve substantial profit margins through a light asset channel operation model. This will bring abundant cash flow to the group and become a driving force for high growth in the company's future performance, forming a "diversification growth curve."