Hong Kong – 29 September 2026 – HUABAO International Holdings Ltd. (HUABAO INTL) has expanded its short-term treasury investment portfolio, announcing fresh subscriptions for a mix of capital-protected structured deposits and net-asset-value (NAV) wealth management products offered by Bank of Jiangsu Group and Bank of Nanjing.

Transaction snapshot • On 28 September 2026, group subsidiaries signed six new contracts with Bank of Jiangsu Group and one with Bank of Nanjing. • Outstanding principal now equals RMB 983.00 million (Bank of Jiangsu Group) and RMB 1.16 billion (Bank of Nanjing), bringing combined exposure to about RMB 2.15 billion. • All prior products with the two banks, other than these holdings, have been fully redeemed.

Product mix and yields 1. Bank of Jiangsu Group – Four capital-protected structured deposits (RMB 965.00 million) linking coupon outcomes to EUR/USD movements; indicative annualised returns range between 1.20% and 2.00%. – Two NAV-based wealth management products (RMB 18.00 million) classified “medium to low risk,” with floating, non-guaranteed returns.

2. Bank of Nanjing – Three capital-protected structured deposits totalling RMB 1.16 billion, also tied to EUR/USD exchange rates, offering annualised return bands of 1.20%–2.30%.

Financial and regulatory impact • The aggregate size of each bank’s outstanding products triggers a “discloseable transaction” under Hong Kong Listing Rule 14.07, as the relevant percentage ratios exceed 5% but remain below 25%. • Management states the investments are funded entirely from surplus cash, carry tenors not exceeding 12 months or allow daily redemptions (for NAV products), and will not materially affect liquidity or operations. • Estimated interest income, calculated on mid-range return assumptions, approximates RMB 10.5 million for the Bank of Jiangsu portfolio and RMB 11.4 million for the Bank of Nanjing portfolio; final yields depend on EUR/USD levels at observation dates.

Strategic rationale HUABAO INTL is deploying excess cash into low-risk, short-duration instruments to enhance yield relative to standard bank deposits. Internal risk controls—overseen by a dedicated fund-management team and subject to Board approval for material exposures—include counter-party limits, weekly performance monitoring and alignment of product tenors with working-capital needs.

Outlook Directors reaffirm that the current portfolio is expected to generate “reasonable” returns without imposing material adverse effects on the group’s balance-sheet strength. The company will continue to monitor its aggregate exposure to both banks and will release further disclosures in accordance with Hong Kong Listing Rules.