Securities Code: 002396 Securities Abbreviation: Star-Net Communication Announcement No.: Lin 2026-18 Fujian Star-Net Communication Co., Ltd. Announcement on the Implementation of the 2025 Profit Distribution and Capital Reserve Transfer to Share Capital Plan The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the announcement, and that there are no false records, misleading statements, or major omissions.
Special Notice:
- Fujian Star-Net Communication Co., Ltd. (hereinafter referred to as the "Company") 2025 annual profit distribution and capital reserve transfer to share capital plan: based on the total share capital of 585,695,098 shares as of the equity registration date, minus the 2,830,849 shares in the repurchase account, resulting in 582,864,249 shares. In accordance with the principle of unchanged distribution ratio, a cash dividend of 2.50 yuan (tax inclusive) per 10 shares will be distributed to all shareholders, and 3 shares will be transferred from capital reserves to all shareholders per 10 shares, with no bonus shares issued. The total amount of actual cash dividends distributed by the Company = actual shares participating in the distribution × distribution ratio, which is 582,864,249 shares × 0.25 yuan/share = 145,716,062.25 yuan (tax inclusive); the number of shares actually participating in the capital reserve transfer = the number of shares actually participating in the distribution × distribution ratio, which is 582,864,249 shares × 0.3 = 174,859,274 shares. After the transfer, the Company's total share capital will be changed to 760,554,372 shares (subject to the final registration by China Securities Depository and Clearing Corporation Limited Shenzhen Branch), with no bonus shares issued.
- Since the shares in the Company's repurchase account do not participate in profit distribution and capital reserve transfer to share capital, after the implementation of this equity distribution, based on the principle of unchanged stock market value, the ex-rights and ex-dividend price calculation will be based on the total share capital as of the equity registration date (including shares held in the repurchase account). The cash dividend per share = total actual cash dividends distributed ÷ total share capital as of the equity registration date = 145,716,062.25 yuan ÷ 585,695,098 shares, which means a cash dividend of 2.487916 yuan (tax inclusive) per 10 shares, and a cash dividend of 0.2487916 yuan (tax inclusive) per share (the total actual cash dividend is rounded to seven decimal places for calculating the cash dividend per share based on the total share capital, and the last digit is directly truncated, not rounded). The number of shares transferred per share based on the total share capital (including shares held in the repurchase account) = actual shares transferred ÷ total share capital as of the equity registration date for this equity distribution = 174,859,274 ÷ 585,695,098, which means 2.985500 shares transferred per 10 shares, and 0.2985500 shares transferred per share.
- Under the premise of ensuring that this equity distribution plan remains unchanged, the ex-rights and ex-dividend price after the implementation of the 2025 annual equity distribution will be executed according to the above principles and calculation methods. The ex-rights and ex-dividend price after the implementation of this equity distribution = (closing price on the equity registration date - 0.2487916 yuan/share) ÷ (1 + 0.2985500 shares).
The 2025 profit distribution and capital reserve transfer to share capital plan was approved by the 2025 Annual General Meeting held on May 12, 2026. The equity distribution matters are hereby announced as follows: