Zall Smart Commerce subsidiary guarantees RMB147m loan for associate

On October 17, 2025, Sinoagri, an indirect non-wholly owned subsidiary of Zall Smart Commerce Group Ltd., agreed to provide a maximum guarantee of RMB147.0 million to ICBC Wuchang. This guarantee covers the repayment obligations of Hubei Digital Trade, a 49% owned associate of Sinoagri. The underlying loans are for Hubei Digital Trade's working capital, operational expenses, and B2B digital trade platform upgrades.

The guarantee period is three years, commencing from the day following the expiry of the loan or lease term, or the bank's external payment or performance of guarantee obligation, depending on the contract. Sinoagri’s decision is based on its 49% equity investment in Hubei Digital Trade, anticipating benefits from future dividends and equity appreciation, as well as strategic business synergy in the agricultural digital trade market.

This transaction constitutes a discloseable transaction for Zall Smart Commerce Group under Chapter 14 of the Listing Rules. Hubei Provincial Cereals Oils and Foodstuffs Import and Export Group Co., Ltd., which holds a 51% stake in Hubei Digital Trade, will also provide a proportional guarantee.