Shuangqiang Technology Co., Ltd.
Announcement on the Implementation of 2025 Annual Equity Distribution
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
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As of the date of this announcement, Shuangqiang Technology Co., Ltd. (hereinafter referred to as "Shuangqiang Technology" or "the Company") has a total share capital of 72,000,000 shares. The shares held by the company's repurchase special securities account (hereinafter referred to as "repurchase account") amount to 1,045,700 shares. According to relevant regulations, the shares in the repurchase account will not participate in this equity distribution. Therefore, the base number of shares for the 2025 equity distribution is 70,954,300 shares, excluding the shares in the repurchase account. The equity distribution plan for 2025 is as follows: based on the total share capital of 72,000,000 shares on the equity registration date of the distribution plan, after deducting the 1,045,700 shares in the repurchase account, the remaining shares amount to 70,954,300 shares. The company will increase the capital reserve by 3.946202 shares for every 10 shares held by all shareholders, with no cash dividends or bonus shares distributed, totaling an increase of 28,000,000 shares. The increase amount does not exceed the balance of "capital reserve - share premium" at the end of the reporting period (January 1, 2025 - December 31, 2025). After this increase, the company's total share capital will change to 100,000,000 shares (the total share capital is subject to the final registration results of China Securities Depository and Clearing Corporation Limited Shenzhen Branch; any discrepancies are due to rounding).
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Based on the total share capital of the company (including repurchased shares), the calculation for the increase in share capital per 10 shares is as follows: total increase in share capital / total share capital of the company * 10 = 28,000,000 / 72,000,000 * 10 = 3.888888 shares (retained to six decimal places, not rounded).
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The reference price for each share after the equity distribution implementation is calculated as follows: [closing price on the equity registration date - (cash dividend per share based on total share capital, including shares in the repurchase account)] ÷ [(1 + increase in shares per share based on total share capital, including shares in the repurchase account)] = closing price on the equity registration date ÷ (1 + 0.3888888).
The company will hold the 2025 annual shareholders' meeting on May 21, 2026, to review and approve the proposal on the profit distribution and capital reserve increase plan for 2025. The details of the equity distribution are announced as follows: