Securities Code: 001312 Securities Abbreviation: Fuen Shares Announcement No.: 2026-005
Hangzhou Fuen Co., Ltd. Announcement on Profit Distribution for 2025
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Deliberation Procedures Hangzhou Fuen Co., Ltd. (hereinafter referred to as the "Company") held its 18th meeting of the First Board of Directors on April 27, 2026. All directors unanimously approved the "Proposal on the 2025 Profit Distribution Plan." This proposal needs to be submitted to the Company's 2025 Annual Shareholders' Meeting for deliberation.
II. Basic Situation of Profit Distribution The profit distribution plan is for the 2025 fiscal year. In 2025, the Company achieved a net profit attributable to the parent company's shareholders of RMB 230,344,719.72. After offsetting losses, withdrawing statutory common reserves, and withdrawing discretionary common reserves in accordance with the "Company Law of the People's Republic of China" and the "Articles of Association," the accumulated undistributed profit on the consolidated statements was RMB 741,721,252.53, and the accumulated undistributed profit on the parent company's statements was RMB 526,314,242.55. In accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Standardized Operation of Main Board Listed Companies," the total amount and proportion of distributable profit shall be determined based on the lower of the consolidated statements and the parent company's statements. As of December 31, 2025, the Company's distributable profit to shareholders was RMB 526,314,242.55. The Company proposes a 2025 profit distribution plan: based on the current total share capital of 233,333,334 shares, a cash dividend of RMB 2.00 (tax inclusive) will be distributed per 10 shares to all shareholders, totaling a cash dividend of RMB 46,666,666.80 (tax inclusive). No bonus shares will be issued from capital reserves, and the remaining undistributed profit will be carried forward to the next year. If the total share capital changes between the announcement and implementation of the 2025 profit distribution plan, the distribution will be based on the total share capital on the equity distribution ex-rights registration date, with the cash dividend distribution ratio remaining unchanged. As of April 29, 2026, the Company's total share capital is 233,333,334 shares. The estimated cash dividend for this distribution is RMB 46,666,666.80 (tax inclusive). If this profit distribution plan is approved by the shareholders' meeting, the Company's cumulative cash dividend for 2025 will be RMB 46,666,666.80. The amount of share buybacks implemented through centralized bidding is RMB 0. The total amount of cash dividends and share buybacks is RMB 46,666,666.80, representing 20.26% of the net profit for the year.