PROFIT WARNING

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.(Incorporated in Bermuda with limited liability) (Stock Code: 00858) PROFIT WARNING This announcement is made by Extrawell Pharmaceutical Holdings Limited (the ‘‘Company’’ together with its subsidiaries the ‘‘Group’’) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).The board of directors (the ‘‘Board’’) of the Company wishes to inform the shareholders of the Company (the ‘‘Shareholders’’) and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 March 2024 (the ‘‘Management Accounts’’) the Group expects to record a loss in the range between HK$160 million and 165 million as compared to a profit for the year ended 31 March 2023. Such turnaround from profit to loss was primarily attributable to a non-cash item resulted from the fair value change (loss) of the financial assets at fair value through profit or loss i.e. the Group’s investments in convertible bonds while a fair value change (gain) of the same non-cash item was recorded in the corresponding period last year.The Company is still in the process of preparing the annual results of the Group for the year ended 31 March 2024 the information as set out above is only based on the preliminary assessment by the Board on the information currently available to it including the Management Accounts which have not been finalised and are subject to audit or further review by the Company’s auditor. The annual results of the Group for the year ended 31 March 2024 are expected to be published before the end of June 2024.– 1 –Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.By order of the Board Extrawell Pharmaceutical Holdings Limited Xie Yi Chairman Hong Kong 21 June 2024 As at the date of this announcement the executive directors are Dr. Xie Yi Mr. Cheng Yong Dr. Lou Yi Ms. Wong Sau Kuen and Dr. Guo Yi and the independent non-executive directors are Mr. Fang Lin Hu Ms. Jin Song and Dr. Zeng Li.* For identification purpose only –2–