GNI Group Ltd.

FY2023 Q1 Financial Results Corporate Presentation

May 18, 2023

We Bring New Hope to Patients.

Ying Luo (罗楹),PhD

President and Chief Executive Officer

Kanichiro Suzuki, PhD

Chief Financial Officer

Securities Code: 2160

We Bring New Hope to Patients

Forward-looking Statements

This presentation contains statements concerning the current plans, expectations and strategies of GNI Group Ltd. (GNI Group). Any statements contained herein that pertain to future operating performance and that are not historic facts are forward-looking statements. Forward-looking statements may include, but are not limited to, words such as "believe," "plan," "strategy," "expect," "forecast," "possibility" and similar words that describe future operating activities, business performance, events or conditions. Forward-looking statements, whether spoken or written, are based on judgments made by the management of GNI Group, based on information that is currently available to it. As such, these forward- looking statements are subject to various risks and uncertainties, and actual business results may vary substantially from the forecasts expressed or implied in forward-looking statements. Consequently, investors are cautioned not to place undue reliance on forward-looking statements.

The information contained in this presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to invest in or acquire securities of GNI Group must be based wholly on the information contained in the preliminary offering circular issued or to be issued by GNI Group in connection with any such offer and not on the contents hereof.

This English summary translation is for reference purposes only. To the extent there is any discrepancy between this English translation and the original Japanese version, please refer to the Japanese version.

© 2023 GNI Group Ltd. All rights reserved.

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We Bring New Hope to Patients

Contents

Q1 Business Highlights

Business Models & Strategies

Q1 Financial Highlights

Supplementary Materials

© 2023 GNI Group Ltd. All rights reserved.

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We Bring New Hope to Patients Q1 2023 Business Highlights (1/3)

Stable performance overall, but higher expenses pushed down consolidated profits.

Annual forecast remains unchanged

  • BC and BAB continue to be profitable
  • Healthy cash flow and liquidity

Factors that pushed down profits:

  • Higher expenses from
    • Significant R&D increase in Cullgen
    • Increasing sales and marketing headcounts in China
  • One-timeitems
    • M&A-relatedfees
    • CBIO stock price drop after cash dividend distribution to CBIO shareholders

© 2023 GNI Group Ltd. All rights reserved.

Abbreviations are explained at the beginning of the supplemental material.

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We Bring New Hope to Patients

Q1 2023 Business Highlights (2/3)

R&D Making Steady Progress

BCCullgen

  • F351 subject enrollment in Ph III clinical trial passed mid-point
  • F573 Ph II clinical trial commenced
  • TRK degrader clinical trial approved by HGRAC

CBIO

  • F351 NASH Ph IIa trial outline disclosed

© 2023 GNI Group Ltd. All rights reserved.

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Disclaimer

GNI Group Limited published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 08:39:08 UTC.