On July 20, 2023, 2023, Acotec Scientific Holdings Limited and Boston Scientific Group plc entered into the Master Collaboration Agreement to govern the collaboration between the Parties on the commercialization of the products of the Parties from time to time. On July 20, 2023, the Company and BSG entered into the Master Service Agreement to govern the mutual provision of R&D Supporting Services and CSO Services from time to time. Key Terms of the Master Collaboration Agreement.

For the purpose of mutual business development, during the term of the Master Collaboration Agreement, on a case-by-case basis, (i) the BSC Group may sell any of the BSC Products to the Group for the Group to resell the same in the Greater China Region; and (ii) the Group may sell any of the Acotec Products to the BSC Group for the BSC Group to resell the same In the Greater China Region, on the terms and conditions of the Master Collaboration Agreement and any Collaboration Definitive Agreement. As at the date of this announcement, BSG is the Controlling Shareholder of the Company holding approximately 65.0% of the issued share capital of the Company. Therefore, BSG is a connected person of the Company under the Listing Rules, and the transactions contemplated under each of the Framework Agreements constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules.

As the applicable percentage ratio of the proposed annual caps for the transactions under each of the Framework Ag agreements exceeds 5%, the transactions contemplated under each of each of the Framework Agreements are subject to the report, announcement, annual review and Independent Shareholders' approval requirements under Chapter 14A of the listing Rules. During the term of the Master collaboration Agreement, on a case- by-case basis, the Group may provide Manufacturing Services to the BSC Group on the terms and conditions of The Manufacturing Services may be provided radically by the Group to the BSC Group where the manufacturing cost of the Group is potentially lower. Other Regions.

During the term of the master Collaboration Agreement, the BSC Group shall have the exclusive distribution rights in respect of the Acotec Selected Products in all countries and regions where any member of the BSC Group has sales network or distributor network coverage, excluding the Greater China Region (the " Other Regions") and the BSC Group shall have The absolute discretion in either selling the Acotec Selected Products directly through a member of the BSC Group or by selecting a distributor network in the Other Regions, provided that the BSC Group's exclusive distribution rights in respect of an Acotec Selected Product shall terminate automatically with immediate effect if the BSC Group fails to meet the minimum purchase value for such Acotec Selected Product as set out in the applicable Collaboration Definitive Agreement, within eighteen (18) months of such Acotec Selected Product's product listed date. Newly Registered Acotec Products: During the term of the Master Collaborated Agreement, the Company shall provide a written notice to BSG as soon as practicable each time the Group submits an application for any new Acotec Product to be registered in any of the Other Regions. The BSC Group shall have the right to notify the Company to include such new Acotec Product into the scope of the Acotec Selected products within sixty (60) days of the receipt of such notice.

The Company shall not enter into any distribution arrangement with any person in respect of such new Acotec Product unless the BSC Group notifies the Company that it does not elect to include such new AcotEC Product into the scope of theAcotec Selected Products or the BSC Group fails to notify the Company within the aforementioned 60-day period. Collaboration Definitive Agreement. Subject to the terms of the Master Collaboration Agreement., for the purpose of implementing cross-selling arrangement, distribution arrangement and the Manufacturing Services specified in the Master Collaboration Agreement, any entity within the Group on one hand and any entity within the Group on One hand and any entity within the aforementioned 60-day periods.

Subject to the terms of The Master Collaboration Agreement, for the Master Collaboration Agreement, the Master Collaboration Agreement, for the purpose of the Master Collaboration agreement, any entity within the Master Collaboration Agreement. Subject to the Master Collaboration Agreement, if the Master Collaboration Agreement, or the Master Collaboration Agreement, to implementing cross-selling arrangement, any entity within the Master collaboration, any entity within the terms of the Company on one hand and the Master Collaboration Agreement, all entity within the Company on one hand, any entity within the Company, any entity within the Company on onehand and the Master Collaboration Agreement.