Chinese Red Medical: Plans to invest 557 million yuan in the construction of a glove production line project.

Red Medical Announcement: The company held the Eighth Meeting of the Fourth Board of Directors and the Seventh Meeting of the Fourth Board of Supervisors on May 30, 2025, and approved the proposal for investing in the construction of a glove production line project. In order to improve the efficiency of fund utilization and enhance overall competitiveness, it was agreed to invest in the construction of phase one of the SEA2 production base with 10 nitrile glove production lines. The total investment of this project is 557 million yuan, with no more than 279 million yuan to be used from over-raised funds. The construction period of the project is 18 months, and the expected investment payback period, excluding the construction period, is approximately 6.01 to 7.76 years, with an estimated return on investment of approximately 7.59% to 11.33%. This project is in line with the company's strategic development plan, conducive to expanding overseas business, and further enhancing the company's overall competitiveness.