Winning Health chairman, subsidiary sentenced in bribery case

Winning Health Technology Group announced that its wholly-owned subsidiary, Shenzhen Weining Zhongtian Software Co., Ltd., and its chairman, Mr. Zhou Wei, received criminal judgments on November 5, 2025. Shenzhen Weining Zhongtian was convicted of corporate bribery and fined 800,000 yuan, while Mr. Zhou Wei was sentenced to one year and six months in prison for bribery and fined 200,000 yuan. Both parties intend to appeal the first-instance judgments.

Shenzhen Weining Zhongtian, a regional subsidiary, reported operating revenues of 1,365.20 million yuan and net profits of 700.14 million yuan for 2024. The company believes the 800,000 yuan fine represents 0.9% of its latest audited net profit attributable to shareholders, and its impact on current period profits will not be significant.

The company's board will convene to discuss appointing vice chairman Mr. Liu Ning to act as chairman and legal representative during Mr. Zhou Wei's inability to perform his duties. Winning Health confirmed that this situation does not trigger conditions for forced delisting under the Shenzhen Stock Exchange ChiNext Stock Listing Rules.