Zhong Ji Longevity Science Group Limited announced that on 28 March 2024, Zhong Ji Guan De Biological Technology (HK) Limited (Si Chuan Zhong Ji Guan De Sheng Wu Ke Ji You Xian Gong Si), an indirect non wholly-owned subsidiary of the Company, and Qingcheng County Branch of Gansu Alcon Bioengineering Company Limited. (Gan Su A Er Kang Sheng Wu Gong Cheng Gu Fen You Xian Gong Si Qing Cheng Xian Fen Gong Si) (Gansu Alcon) entered into the biological product trading contract (the Trading Contract). Pursuant to this, Gansu Alcon will purchase biological products in batches from Zhong Ji Guan De (HK) for a total amount of RMB 56,000,000 (equivalent to approximately HKD 60,480,000).

The biological products shall be delivered to Gansu Alcon in batches based on their demand. The specific volume of each batch will be indicated in the all of bill of lading. The Trading Contract was determined after arms length negotiations between Zhong Ji Guan De (HKD) and Gansu Alcon.

The Directors of the view that the terms of Trading Contract are fair and reasonable and in normal commercial terms. The Trading Contract is the first time for Gansu Alcon to purchase biological products from the Company. The Company takes the view that the entering into the Trading Contract further shows that the reliable quality of the Company's products and the quality service have been recognized by more customers, which has laid a solid foundation for the Company to further expand in the domestic market of PRC. The Board believes that the Trading Contract will further improve the Group's presence in longevity science, provide the Group with a good opportunity to expand its business scope into biotechnology business, and explore new revenue stream for the Company with a view to bringing stable and sustainable growth in revenue to the Group in the long run.