The Board of Directors of Wellspire wishes to announce that Bai Li Enterprise Co., Ltd. ("Bai Li Enterprise"), a 75.01% owned subsidiary of the Company, had on 28 December 2023 entered into new distributor agreement and distributor supplementary agreement with QiaQia Food Co., Ltd. ("QiaQia") and ChaCha Food (Thailand) Co., Ltd. ("ChaCha Thailand") (collectively referred to as "QiaQia Group"), which shall be for the period from 1 July 2023 to 30 June 2024 (collectively referred to as "Agreements").

Bai Li Enterprise has been appointed as QiaQia Group's exclusive distributor of ChaCha sunflower seeds and nuts products in Thailand since 2013, where the products supplied by QiaQia Group will only be sold by Bai Li Enterprise in Thailand.

Further details of the above are set out in the attachment.

This announcement is dated 28 December 2023.