Weijun Biotechnology (00660) was authorized by Henan Mining Crane as the world's exclusive overseas general agent for cranes and mining equipment products

Zhitong Finance App News, Weijun Biotechnology (00660) issued an announcement. On August 5, 2026 (after the trading period), the company and Henan Mining Crane Co., Ltd. (authorized party) formally signed the “Authorized Overseas General Agency Agreement”. Based on this, the company was appointed by an authorized party as the exclusive overseas general agent for its cranes and mining equipment products worldwide (excluding mainland China).

Authorized content: The authorized party hereby authorizes the company to be an overseas authorized general agent for its crane products (including but not limited to “Kuangyuan” brand bridge cranes, gantry cranes, electric hoists and mining equipment related accessories).

The Group has been actively seeking high-quality business opportunities with huge growth potential to broaden revenue streams and create maximum value for shareholders. The conclusion of exclusive overseas general agency rights marks a historic milestone in the Group's breakthrough in business diversification. The Board believes that this strategic cooperation has extremely clear business logic and far-reaching strategic benefits:

1. Strong forces joined forces to achieve a cross-border breakthrough based on the advantages of Hong Kong's international hub: this cooperation perfectly combines the strong equipment manufacturing strength of the authorized party with the Group's deep international business development capabilities. The company will effectively rely on Hong Kong's strategic role as an international trade center, transform the Group's existing overseas channel resources and multinational compliance operation experience, and build an efficient global sales network for China's top heavy machinery. The two sides are accurately connected between the “industry side” and the “channel side”, and their business logic is highly compatible, and they truly complement each other's advantages.

2. Seize the blue ocean of global infrastructure and seize the huge “Belt and Road” growth: With the full recovery of global infrastructure construction and the deepening of China's “Belt and Road” initiative, demand for high-quality cranes and heavy mining equipment in overseas markets is exploding. The company obtained exclusive agency rights “all over the world other than mainland China” in one fell swoop, and undoubtedly has the key to this vast blue ocean, and the future market growth space is extremely explosive.

3. An asset-light high-profit model creates a strong “diversified growth curve”: According to the agreement, the company enjoys excellent commercial terms of “pick up the goods at the reserve price, set the price independently, and return all premiums to the company”. This move means that the company can obtain extremely rich profit margins through an asset-light channel operation model without having to bear heavy manufacturing capital expenses. This will bring abundant cash flow to the Group and become a “diversified growth curve” that will drive the rapid growth of the company's future performance.