Announcement of Shenzhen Haiwang Biological Engineering Co., Ltd. on the Implementation of Guarantees Provided to Its Controlling Subsidiaries

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Securities code: 000078 Securities abbreviation: H&W Bio Announcement No.: 2026-012

Announcement of Shenzhen H&W Bioengineering Co., Ltd. on the implementation of guarantees provided to its controlling subsidiaries

The Company and all members of the board of directors hereby guarantee that the information disclosure contents are true, accurate, and complete, and contain no false records, misleading statements, or material omissions.

I. Overview of the guarantee arrangements

To support the business development of its subsidiaries, Shenzhen H&W Bioengineering Co., Ltd. (hereinafter referred to as the “Company” or “our Company”) considered and approved, at the 22nd meeting of the 9th board of directors convened on March 31, 2025, and the first extraordinary general meeting of shareholders in 2025 convened on April 18, 2025, matters including providing guarantees for controlling subsidiaries; the validity period of the guarantee resolutions is one year from the date on which the Company’s shareholders’ meeting approves the above proposal. All guarantee matters have been submitted to the Company’s shareholders’ meeting to authorize management to, based on the bank’s approval, negotiate and sign guarantee agreements and handle the relevant guarantee procedures; for details, please refer to the relevant announcements published on April 1, 2025 and April 19, 2025 on The Securities Times, The Shanghai Securities News, The China Securities Journal, The Securities Daily, and Juchao Information Network.

Within the approval scope of the above shareholders’ meetings, the Company has recently provided guarantees for the following subsidiaries to apply to banks or other financial institutions for comprehensive credit facilities and other related matters:

1. Shanghai Fangcheng Medical Devices Co., Ltd. (hereinafter referred to as “Shanghai Fangcheng”) applies to the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 24.00 million.

2. H&W Medical Devices (Shanghai) Co., Ltd. (hereinafter referred to as “Shanghai Medical Devices”) applies to the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 52.00 million.

3. Henan Enji Pharmaceutical Co., Ltd. (hereinafter referred to as “Henan Enji”) applies to Henan Mengjin Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 19.90 million.

4. Henan H&W Pharmaceutical Group Co., Ltd. (hereinafter referred to as “Henan H&W Group”) applies to the Huiji Sub-branch of Zhengzhou Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 25.00 million.

5. Ningxia H&W Pharmaceutical Co., Ltd. (hereinafter referred to as “Ningxia H&W”) applies to the Shangcheng Sub-branch of Ningxia Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 58.50 million.

6. Zhejiang H&W Data Service Co., Ltd. (hereinafter referred to as “Zhejiang H&W”) applies to the Liushui Sub-branch of Hangzhou United Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 30.00 million.

7. H&W (Qingyuan) Pharmaceutical Co., Ltd. (hereinafter referred to as “Qingyuan H&W”) applies to the Xincheng Sub-branch of Guangdong Qingyuan Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company and Guangdong H&W Pharmaceutical Group Co., Ltd. jointly provide it with a joint and several liability guarantee for an amount not exceeding RMB 49.50 million.

8. H&W (Zhanjiang) Pharmaceutical Co., Ltd. (hereinafter referred to as “Zhanjiang H&W”) applies to the Zhanjiang Branch of Citing? (note: 广发银行股份有限公司湛江分行) for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 44.50 million.

9. H&W (Shaoguan) Pharmaceutical Co., Ltd. (hereinafter referred to as “Shaoguan H&W”) applies to the Shaoguan Sub-branch of Dongguan Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 40.00 million.

10. Guangdong H&W Pharmaceutical Group Co., Ltd. (hereinafter referred to as “Guangdong H&W Group”) applies to the Liwan Sub-branch of Bank of China Limited for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 20.00 million.

11. Heilongjiang H&W Pharmaceutical Co., Ltd. (hereinafter referred to as “Heilongjiang H&W”) applies to the Daqing Branch of Kunlun Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 10.00 million.

12. Jining H&W Huason Pharmaceutical Co., Ltd. (hereinafter referred to as “Jining Huason”) applies to the Jining Branch of Rizhao Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 8.00 million.

II. Implementation status of recent guarantees

(I) Implementation of guarantee provided for Shanghai Fangcheng to apply for a comprehensive credit facility to the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd.

Due to business development needs, Shanghai Fangcheng applies to the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 24.00 million.

The Company and the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd. have signed the “Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 24.00 million.

3. Scope of guarantee:

Principal, interest, penalty interest, compound interest, default penalty, damages, and the expenses for realizing the creditor’s rights under the principal contract. Expenses for realizing the creditor’s rights include, but are not limited to, collection expenses, litigation costs or arbitration costs, preservation fees, announcement fees, execution fees, lawyer fees, travel expenses, notary fees, and other expenses.

4. Guarantee period:

Three years from the date on which the term for the debtor’s performance of obligations under the principal contract expires.

(II) Implementation of guarantee provided for Shanghai Medical Devices to apply for a comprehensive credit facility to the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd.

Due to business development needs, Shanghai Medical Devices applies to the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 52.00 million.

The Company and the Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd. have signed the “Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Hongkou Sub-branch of Shanghai Rural Commercial Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 52.00 million.

3. Scope of guarantee:

Principal, interest, penalty interest, compound interest, default penalty, damages, and the expenses for realizing the creditor’s rights under the principal contract. Expenses for realizing the creditor’s rights include, but are not limited to, collection expenses, litigation costs or arbitration costs, preservation fees, announcement fees, execution fees, lawyer fees, travel expenses, notary fees, and other expenses.

4. Guarantee period:

Three years from the date on which the term for the debtor’s performance of obligations under the principal contract expires.

(III) Implementation of guarantee provided for Henan Enji to apply for a comprehensive credit facility to Henan Mengjin Rural Commercial Bank Co., Ltd.

Due to business development needs, Henan Enji applies to Henan Mengjin Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 19.90 million.

The Company and Henan Mengjin Rural Commercial Bank Co., Ltd. have signed the “Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Henan Mengjin Rural Commercial Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 19.90 million.

3. Scope of guarantee:

The principal, interest, penalty interest, compound interest, fees, and the debt interest during the delayed performance period determined by effective legal documents, default penalty, damages, and all expenses incurred by the creditor to realize the creditor’s rights under the master debt, including but not limited to preservation fees, fees for purchasing a guarantee letter, litigation costs, arbitration costs, lawyer fees, appraisal fees, evaluation fees, transfer fees, announcement fees, travel expenses, notary fees (except where the notary fees are otherwise agreed in this contract), and all other expenses such as losses, etc.

4. Guarantee period:

Three years from the date on which the performance period for the master debt expires.

(IV) Implementation of guarantee provided for Henan H&W Group to apply for a comprehensive credit facility to the Huiji Sub-branch of Zhengzhou Bank Co., Ltd.

Due to business development needs, Henan H&W Group applies to the Huiji Sub-branch of Zhengzhou Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 25.00 million.

The Company and the Huiji Sub-branch of Zhengzhou Bank Co., Ltd. have signed the “Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Huiji Sub-branch of Zhengzhou Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 25.00 million.

3. Scope of guarantee:

The principal and interest (including penalty interest and compound interest), default penalty, damages, interest on debt during the delayed performance period determined by effective legal documents, and all expenses incurred by the creditor to realize the creditor’s rights and the security interests (including but not limited to litigation costs and arbitration costs, lawyer agency fees) and all other payable expenses, etc., under the principal contract.

4. Guarantee period:

Three years from the date on which the performance period for the principal debt expires.

(V) Implementation of guarantee provided for Ningxia H&W to apply for a comprehensive credit facility to the Shangcheng Sub-branch of Ningxia Bank Co., Ltd.

Due to business development needs, Ningxia H&W applies to the Shangcheng Sub-branch of Ningxia Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 58.50 million.

The Company and the Shangcheng Sub-branch of Ningxia Bank Co., Ltd. have signed the “Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Shangcheng Sub-branch of Ningxia Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 58.50 million.

3. Scope of guarantee:

The principal, interest, compound interest, penalty interest, default penalty, damages, delayed-performance payment, commitment fee, exchange-rate losses caused by exchange rate fluctuations, other sums the debtor shall pay to the creditor, and all expenses such as litigation costs, arbitration costs, lawyer fees, evaluation fees, appraisal fees, fees for disposing of collateral, transfer fees, and all other expenses incurred by the creditor in realizing the creditor’s rights and security interests, etc., under the principal contract.

4. Guarantee period:

Three years from the date on which the debt performance period expires.

(VI) Implementation of guarantee provided for Zhejiang H&W to apply for a comprehensive credit facility to the Liushui Sub-branch of Hangzhou United Rural Commercial Bank Co., Ltd.

Due to business development needs, Zhejiang H&W applies to the Liushui Sub-branch of Hangzhou United Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 30.00 million.

The Company and the Liushui Sub-branch of Hangzhou United Rural Commercial Bank Co., Ltd. have signed the “Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Liushui Sub-branch of Hangzhou United Rural Commercial Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 30.00 million.

3. Scope of guarantee:

All of the creditor’s claims arising under this contract, including but not limited to loan principal, interest, compound interest, penalty interest, default penalty, damages, and the expenses for realizing the creditor’s rights. Expenses for realizing the creditor’s rights include but are not limited to litigation costs, arbitration costs, lawyer agency fees, property insurance premiums, announcement fees, execution fees, evaluation fees, selling fees, collection travel expenses, and other reasonable expenses.

4. Guarantee period:

Three years from the date on which the debt settlement period expires.

(VII) Implementation of guarantee provided for Qingyuan H&W to apply for a comprehensive credit facility to the Xincheng Sub-branch of Guangdong Qingyuan Rural Commercial Bank Co., Ltd.

Due to business development needs, Qingyuan H&W applies to the Xincheng Sub-branch of Guangdong Qingyuan Rural Commercial Bank Co., Ltd. for a comprehensive credit facility; the Company and Guangdong H&W Pharmaceutical Group Co., Ltd. jointly provide it with a joint and several liability guarantee for an amount not exceeding RMB 49.50 million.

The Company and Guangdong H&W Pharmaceutical Group Co., Ltd. and the Xincheng Sub-branch of Guangdong Qingyuan Rural Commercial Bank Co., Ltd. have signed the “Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor 1: Shenzhen H&W Bioengineering Co., Ltd.

Guarantor 2: Guangdong H&W Pharmaceutical Group Co., Ltd.

Creditor: Xincheng Sub-branch of Guangdong Qingyuan Rural Commercial Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantors provide a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 49.50 million.

3. Scope of guarantee:

All liabilities that the debtor under the principal contract is required to assume, including but not limited to all principal, interest (including normal interest, overdue interest, compound interest and penalty interest, etc.), default penalty, damages, and all fees incurred by the creditor for realizing the creditor’s rights and security interests (including but not limited to litigation costs, lawyer fees, property preservation fees, travel expenses, execution fees, evaluation fees, transfer fees, etc.).

4. Guarantee period:

Three years from the date on which the performance period for the debtor under the principal contract expires.

(VIII) Implementation of guarantee provided for Zhanjiang H&W to apply for a comprehensive credit facility to the Zhanjiang Branch of Citing? (note: 广发银行股份有限公司湛江分行) for a comprehensive credit facility

Due to business development needs, Zhanjiang H&W applies to the Zhanjiang Branch of Citing? (note: 广发银行股份有限公司湛江分行) for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 44.50 million.

The Company and the Zhanjiang Branch of Citing? (note: 广发银行股份有限公司湛江分行) have signed the “Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Zhanjiang Branch of Citing? (note: 广发银行股份有限公司湛江分行)

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 44.50 million.

3. Scope of guarantee:

The debt principal, interest, penalty interest, compound interest, default penalty, damages, expenses incurred for realizing the creditor’s rights (including but not limited to litigation costs, arbitration costs, lawyer fees, travel expenses, execution fees, preservation fees, evaluation fees, transfer fees, announcement fees, etc.) and all other payable expenses under the principal contract.

4. Guarantee period:

Three years from the date on which the debtor’s performance period under the independent contract expires.

(IX) Implementation of guarantee provided for Shaoguan H&W to apply for a comprehensive credit facility to the Shaoguan Sub-branch of Dongguan Bank Co., Ltd.

Due to business development needs, Shaoguan H&W applies to the Shaoguan Sub-branch of Dongguan Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 40.00 million.

The Company and the Shaoguan Sub-branch of Dongguan Bank Co., Ltd. have signed the “Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Shaoguan Sub-branch of Dongguan Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 40.00 million.

3. Scope of guarantee:

The principal of the main creditor’s rights, interest (including interest, compound interest, and penalty interest), default penalty, damages, expenses for realizing the creditor’s rights (including but not limited to litigation expenses, lawyer fees, notary fees, execution expenses, etc.), losses caused to the creditor by the debtor’s breach, and all other payable expenses.

4. Guarantee period:

Three years from the date on which the debtor’s obligations under the principal contract expire.

(X) Implementation of guarantee provided for Guangdong H&W Group to apply for a comprehensive credit facility to the Liwan Sub-branch of Bank of China Limited

Due to business development needs, Guangdong H&W Group applies to the Liwan Sub-branch of Bank of China Limited for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 20.00 million.

The Company and the Liwan Sub-branch of Bank of China Limited have signed the “Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Liwan Sub-branch of Bank of China Limited

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 20.00 million.

3. Scope of guarantee:

The debt principal, interest, penalty interest, compound interest, default penalty, damages, and expenses incurred for realizing the creditor’s rights (including but not limited to litigation costs, arbitration costs, lawyer fees, travel expenses, execution fees, preservation fees, evaluation fees, transfer fees, announcement fees, etc.) and all other payable expenses under the principal contract.

4. Guarantee period:

Three years from the date on which the term for performance of the subject debt expires.

(XI) Implementation of guarantee provided for Heilongjiang H&W to apply for a comprehensive credit facility to the Daqing Branch of Kunlun Bank Co., Ltd.

Due to business development needs, Heilongjiang H&W applies to the Daqing Branch of Kunlun Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 10.00 million.

The Company and the Daqing Branch of Kunlun Bank Co., Ltd. have signed the “Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Daqing Branch of Kunlun Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 10.00 million.

3. Scope of guarantee:

The principal of the main creditor’s rights, interest, compound interest (including interest during the term and overdue unpaid interest), penalty interest, default penalty, damages, exchange-rate losses (related losses caused by exchange rate fluctuations), and the expenses for realizing the creditor’s rights (including but not limited to litigation costs, arbitration costs, lawyer fees, preservation fees, appraisal fees, execution fees, etc.).

4. Guarantee period:

Three years from the day following the expiration date of the term of each debt borrowing under the independent contract.

(XII) Implementation of guarantee provided for Jining Huason to apply for a comprehensive credit facility to the Jining Branch of Rizhao Bank Co., Ltd.

Due to business development needs, Jining Huason applies to the Jining Branch of Rizhao Bank Co., Ltd. for a comprehensive credit facility; the Company provides it with a joint and several liability guarantee for an amount not exceeding RMB 8.00 million.

The Company and the Jining Branch of Rizhao Bank Co., Ltd. have signed the “Principal Maximum Amount Guarantee Contract.” The main contents are as follows:

1. Parties to the contract:

Guarantor: Shenzhen H&W Bioengineering Co., Ltd.

Creditor: Jining Branch of Rizhao Bank Co., Ltd.

2. Guarantee method and amount:

The Guarantor provides a joint and several liability guarantee; the maximum principal balance of the guaranteed creditor’s claim is RMB 8.00 million.

3. Scope of guarantee:

The principal balance not exceeding RMB 4.23B under the principal contract, as well as the interest, compound interest, penalty interest, default penalty, damages, debt interest during the delayed performance period which, as required by law, shall be paid at a double rate, the delayed performance payment, and all fees incurred by the creditor for realizing the creditor’s rights and the security interests (including but not limited to litigation costs, arbitration costs, property preservation fees, preservation insurance fees, travel expenses, execution fees, evaluation fees, transfer fees, notary fees, announcement fees, lawyer agency fees, deposit/escrow fees, appraisal fees, etc.), other losses caused to the creditor due to the debtor’s breach, and all other payable expenses, etc.

4. Guarantee period:

Three years from the date on which the performance period for the debtor’s obligations under the principal contract expires.

III. Cumulative external guarantee situation

As of now, the Company’s cumulative guarantee balance is approximately RMB 4.229 billion (including a guarantee balance of RMB 358 million for Henan Dongsen Pharmaceutical Co., Ltd., a guarantee balance of RMB 18 million for Bengbu H&W Galaxy Pharmaceutical Sales Co., Ltd., and the rest are guarantees for subsidiaries), which accounts for 148.70% of the Company’s net assets in the audited consolidated financial statements for 2024, and there have been no cases of overdue guarantees.

This announcement is hereby issued.

Shenzhen H&W Bioengineering Co., Ltd.

Board of Directors

April 3, 2026

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