Ningbo Samsung Medical Electrical Co., Ltd. Progress Announcement on Providing Guarantees for Subsidiaries

Stock Code: 601567 Stock Short Name: SamSung Healthcare Announcement No.: Lin 2026-021

Ningbo SamSung Healthcare Electrical Co., Ltd.

Progress Announcement on Providing Guarantees for Subsidiaries

This company’s board of directors and all directors warrant that the contents of this announcement contain no false statements, misleading representations, or material omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents.

Key Points:

● Guaranteed Party and Basic Information

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● Cumulative Guarantee Situation

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Note: In the table, the total amount of guarantees provided by the listed company and its controlling subsidiaries to external parties as of the date of this announcement includes the outstanding unused approved guarantee limit within the annual approved guarantee limit and the outstanding balance of guarantees actually incurred. It is not the guarantee balance actually incurred by the company.

I. Overview of the Guarantee

(I) Basic information of the guarantee

The Company and the subsidiary SamSung Smart, jointly participating in the tender, in accordance with the requirements of the bid documents, the Company has recently applied, as the applicant, to the Ningbo Yinzho Branch of Bank of China (hereinafter referred to as “Bank of China”) for the issuance of a letter of guarantee. The Company provides a guarantee for SamSung Smart. The amount of the letter of guarantee is USD 180,000.00 (converted using the exchange rate on the date the letter of guarantee is issued, approximately RMB 1.2440 million). The guarantee period is from the date the letter of guarantee is issued to December 21, 2026.

SamSung Smart is the Company’s wholly owned subsidiary. The Company has actual control over decision-making on major matters and day-to-day operation and management of SamSung Smart, which can effectively prevent and control guarantee risks.

(II) Internal decision-making procedures

On April 24, 2025, the Company held the 21st meeting of the Sixth Board of Directors, and on May 16, 2025, it held the 2024 annual general meeting of shareholders. The meetings considered and approved the “Proposal on Providing Guarantees to Controlling Subsidiaries.” Based on the Company’s operating objectives and actual capital needs of its controlling subsidiaries, the Company plans to provide guarantees with a total amount of no more than RMB 974,850 million for businesses such as bank loans, acceptances, letters of guarantee, letters of credit, the issuance of asset-backed securities, and other financing of its controlling subsidiaries. Of this, the guarantee credit for SamSung Smart is RMB 250,000 million, with a guarantee term of one year, from the date when the 2024 annual general meeting of shareholders approved the proposal until the date of the 2025 annual general meeting of shareholders. As of the end of 2024, SamSung Smart’s asset-liability ratio was 47.81%, and this guarantee matter has completed the necessary approval procedures.

II. Basic Information of the Guaranteed Party

(I) Basic information

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III. Main terms of the letter of guarantee

Applicant: Ningbo SamSung Healthcare Electrical Co., Ltd.

Guaranteed Party: Ningbo SamSung Smart Electrical Co., Ltd.

Guarantee amount: USD180,000.00

Type of guarantee: Performance guarantee

Guarantee period: from the date the letter of guarantee is issued to December 21, 2026

IV. Necessity and Reasonableness of the Guarantee

To meet the funding needs of the subsidiary and ensure its stable operations, the Company provides a guarantee for SamSung Smart. The guaranteed party is a subsidiary within the scope of the Company’s consolidated financial statements. The Company can timely obtain the creditworthiness and financial condition of the guaranteed party. The guaranteed party’s current operating situation is good, and it has relatively strong debt repayment capability. Overall, the risks of this guarantee are controllable.

V. Board of Directors’ Opinions

This guarantee matter has been considered and approved at the 21st meeting of the Sixth Board of Directors held by the Company on April 24, 2025. The Board of Directors believes that the guaranteed party of this guarantee matter is a controlling subsidiary within the scope of the Company’s consolidation. Providing guarantees for the above controlling subsidiaries is based on the actual production and operational needs of each subsidiary. Currently, each controlling subsidiary is operating normally, and the risks of the above guarantees are controllable.

The Company’s provision of external guarantees complies with relevant provisions of laws and regulations including the Company Law, the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange, and the Articles of Association, and there is no situation where the interests of the Company and the small and medium-sized shareholders are harmed.

VI. Total Amount of Cumulative External Guarantees and Amount of Overdue Guarantees

As of the date of disclosure of this announcement, the total guarantee amount provided by the Company to its controlling subsidiaries is RMB 975,350 million, i.e., the annual guarantee forecast amount approved by the Company, accounting for 80.73% of the Company’s net assets attributable to shareholders of the listed company for fiscal year 2024. Of this, the outstanding balance of guarantees actually incurred for controlling subsidiaries is RMB 610,555.86 million, accounting for 50.54% of the Company’s net assets attributable to shareholders of the listed company for fiscal year 2024. The above guarantee limits are within the total authorization for external guarantees approved by the Company. The Company has no overdue guarantees.

This announcement is hereby given.

Ningbo SamSung Healthcare Electrical Co., Ltd. Board of Directors

April 2, 2026

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