Securities Code: 002300 Securities Abbreviation: Sun Cable Announcement No.: 2026-013 Fujian Nanping Sun Cable Co., Ltd. Announcement on the 2025 Profit Distribution Plan The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false representations, misleading statements, or material omissions.
I. Deliberation Procedures
Fujian Nanping Sun Cable Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the eleventh Board of Directors on April 8, 2026. The meeting deliberated and approved the "Proposal on the 2025 Profit Distribution Plan." This proposal needs to be submitted to the Company's 2025 shareholders' meeting for deliberation.
II. Basic Situation of Profit Distribution and Capital Reserve Transfer to Share Capital Plan
According to the audit by Huaxing Certified Public Accountants (Special General Partnership), the Company's net profit attributable to parent company shareholders available for distribution in 2025 was RMB 99,354,812.13. After deducting 10% statutory surplus reserve of RMB 9,935,481.21, the distributable net profit for 2025 was RMB 89,419,330.92. Adding the undistributed profit of RMB 258,995,547.19 at the end of 2024, the Company's actual net profit available for shareholder distribution is RMB 348,414,878.11. In accordance with the "Shenzhen Stock Exchange Stock Listing Rules," "Articles of Association," and other relevant dividend regulations, to ensure stable and reasonable returns for shareholders, combined with the Company's continuous operation, long-term development needs, and future development prospects, the Company proposes the 2025 profit distribution plan as follows: Based on the total share capital of 722,333,700 shares as of December 31, 2025, the Company will distribute a cash dividend of RMB 0.70 (tax inclusive) per 10 shares to all shareholders, totaling RMB 50,563,359.00. The remaining undistributed profit will be carried forward to the next year.
III. Specifics of the Cash Dividend Plan
(I) Whether it may trigger other risk warning situations
- For listed companies disclosing their annual cash dividend plan (including no dividend distribution), the following indicators should be listed: | Item | Current Year | Previous Year | Year Before Last | |---|---|---|---| | Total Cash Dividend (RMB) | 50,563,359 | 79,456,707 | 115,573,392 | | Total Repurchase and Cancellation (RMB) | 0 | 0 | 0 | | Net Profit Attributable to Shareholders of Listed Companies (RMB) | 83,145,345.95 | 90,908,710.69 | 176,548,256.11 | | Accumulated Undistributed Profit at Year-End (Consolidated Statements) (RMB) | | | 499,841,073.48 | | Accumulated Undistributed Profit at Year-End (Parent Company Statements) (RMB) | | | 348,414,878.11 | | Whether the Company has been listed for three full fiscal years | ☑ Yes ☐ No | | | | Accumulated Cash Dividends in the Last Three Fiscal Years (RMB) | | | 245,593,458 | | Accumulated Repurchase and Cancellation in the Last Three Fiscal Years (RMB) | | | 0 | | Average Net Profit in the Last Three Fiscal Years (RMB) | | | 116,867,437.58 | | Accumulated Cash Dividends and Repurchase/Cancellation in the Last Three Fiscal Years (RMB) | | | 245,593,458 | | Whether it triggers the circumstances that may be subject to other risk warnings stipulated in Article 9.8.1 (IX) of the Listing Rules | ☐ Yes ☑ No | | | Other explanations: The Company's accumulated cash dividends in the last three fiscal years were RMB 245,593,458, which is higher than 30% of the average net profit in the last three fiscal years. It does not trigger the circumstances that may be subject to other risk warnings stipulated in Article 9.8.1 (IX) of the Shenzhen Stock Exchange Stock Listing Rules.
(II) Reasonableness of the Cash Dividend Plan
In accordance with the "Opinions on Further Implementing Matters Related to Listed Companies' Cash Dividend Distribution," "Guiding Opinions of the China Securities Regulatory Commission No. 3 - Cash Dividend Distribution of Listed Companies," and other laws, regulations, normative documents, and the "Articles of Association" and the "Fujian Nanping Sun Cable Co., Ltd. Three-Year (2024-2026) Shareholder Dividend Return Plan," this profit distribution plan is in line with the Company's profit distribution policy and shareholder return plan. While ensuring the Company's normal operations and sustainable development, this plan comprehensively considers the profitability level and overall financial situation, balancing shareholder returns and the Company's long-term interests. It reflects the Company's principle of actively rewarding shareholders and sharing operating results with all shareholders. The implementation of this plan will not lead to a shortage of working capital or other adverse effects.
IV. Documents for Reference
- Resolution of the Fifth Meeting of the Eleventh Board of Directors;
- Audit Report;
- Resolution of the Second Meeting of the Independent Directors of 2026. Hereby announced. Fujian Nanping Sun Cable Co., Ltd. Board of Directors 2026 April 10