Meizhi Co., Ltd.: plans to offset 5.2529 million yuan in debts against 5.3049 million yuan in accounts payable.

Meizhi Corporation announced that the company held a board meeting on December 25, 2025 to review and approve the debt restructuring proposal. The company plans to offset the 5.2529 million yuan debt owed to Saint Mercy Medical Management Co., Ltd. with the 5.3049 million yuan payable to Foshan City Zhengda Li Branch. This debt restructuring does not constitute a related-party transaction or a major asset restructuring, and therefore does not require approval by the shareholders' meeting within the board's approval authority. In the past 12 months, the company has accumulated a total debt restructuring amount of 9.45 million yuan. This debt restructuring is beneficial for revitalizing assets, optimizing debt structure, and improving cash flow.