Announcement on Anticipated Triggering of Downward Adjustment Condition for Conversion Price of Wining Convertible Bonds

Securities Code: 300253 Securities Abbreviation: Wining Health

Bond Code: 123104 Bond Abbreviation: Wining Convertible Bond Announcement No.: 2026-067

Announcement on Anticipated Triggering of Downward Adjustment Condition for Conversion Price of Wining Convertible Bonds

The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.

Special Notice:

1. Bond Code: 123104 Bond Abbreviation: Wining Convertible Bond

2. Conversion Price: 9.44 RMB/share

3. Conversion Period: September 22, 2021 to March 15, 2027

4. According to the relevant provisions in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Wining Health Technology Group Co., Ltd." (hereinafter referred to as the "Prospectus"), during the term of the convertible corporate bonds issued, if the closing price of the company's stock is lower than 85% of the current conversion price for at least fifteen trading days within any consecutive thirty trading days, the Board of Directors has the right to propose a downward adjustment plan for the conversion price and submit it to the company's shareholders' meeting for deliberation and voting.

As of the disclosure date of this announcement, the company's stock closing price has been lower than 85% of the current conversion price of 9.44 RMB/share (i.e., 8.02 RMB/share) for 10 trading days from May 29, 2026, to June 12, 2026, which is expected to trigger the downward adjustment condition for the conversion price of Wining Convertible Bonds. If the condition for downward adjustment of the conversion price is triggered, the company will convene a board meeting on the day of triggering the condition to deliberate and decide whether to adjust the conversion price, and will promptly fulfill its information disclosure obligations. Investors are kindly reminded to pay attention to investment risks.

I. Basic Information of Convertible Corporate Bonds

1. Issuance and Listing of Convertible Corporate Bonds

With the approval of the "Securities Regulatory Permit (2021) No. 311" issued by the China Securities Regulatory Commission, the company issued 9,702,650 convertible bonds to unspecified objects on March 16, 2021, with a face value of 100 RMB per bond, for a total issuance amount of 970.265 million RMB.

With the approval of the Shenzhen Stock Exchange, the company's 970.265 million RMB convertible bonds were listed and traded on the Shenzhen Stock Exchange starting from March 31, 2021, with the bond abbreviation "Wining Convertible Bond" and bond code "123104".

According to the relevant provisions of the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects" (hereinafter referred to as the "Prospectus"), the conversion period for the convertible bonds issued by the company starts from the first trading day six months after the end of the convertible bond issuance period until the maturity date of the convertible bonds, which is from September 22, 2021, to March 15, 2027.

1. Adjustment of Conversion Price