PW Medtech Group Limited Board announced that on January 1, 2024 (after trading hours), the Company entered into the Renewed Purchase of Medical Devices Molds and Components Framework Agreement with Lepu Medical. Renewed Purchase of Medical Devices Molds and Components: A summary of the principal terms of the Renewed Purchase of Medical Devices Molds and Components Framework Agreement is set out below: Date is January 1, 2024; Parties: the Company; and Lepu Medical. Subject matter: The Group agreed to purchase medical devices molds and components from Lepu Medical Group, including but not limited to molds of shell, end cover, end cap, support ring, tie-in ring, sealing ring, pipe clamp and connector, injection molded parts and other components or finished products.

The members of both of the Group and Lepu Medical Group may enter into individual purchase of medical devices molds and components agreements setting out specific terms of purchase of medical devices molds and components, including the types of the medical devices molds and components to be purchased, price determination method, delivery method and payment arrangement. Such terms shall be consistent with the principles and the terms of the Renewed Purchase of Medical Devices Molds and Components Framework Agreement. Term: The term of the Renewed Purchase of Medical Devices Molds and Components Framework Agreement will commence from January 1, 2024 to December 31, 2024, subject to renewal upon parties' mutual agreement and the Listing Rules.

Pricing Policy: The prices of the medical devices molds and components purchased by the Group under the Renewed Purchase of Medical Devices Molds and Components Framework Agreement shall be determined with reference to the quantity of orders, the type and quality of products and the prevailing market prices of comparable medical devices molds and components from at least two independent third parties. The prices and other terms of the Group's purchase of medical devices molds and components from Lepu Medical Group shall be no less favourable to the Group than those offered by other independent third-party suppliers at the relevant time. In order to ensure that the terms of the transactions under the Renewed Purchase of Medical Devices Molds and Components Framework Agreement are fair and reasonable and in line with market practices, and that the terms of the transactions will be no less favorable to the Group than the terms of transactions between the Group and independent third parties, the Group has maintained regular contact with other medical devices molds and components suppliers in the market to keep abreast of market developments and the price trend of comparable products.

In respect of the medical devices molds and components, the Company will periodically obtain quotations of comparable products from at least two suppliers and also compare such prices with the prices offered by Lepu Medical Group.