Securities Code: 002434 Securities Abbreviation: Wanliyang Announcement No.: 2026-004 Zhejiang Wanliyang Co., Ltd. Announcement on the 2025 Profit Distribution Proposal The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Deliberation Procedures
- On April 20, 2026, the Thirteenth Meeting of the Sixth Board of Directors of Zhejiang Wanliyang Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "2025 Profit Distribution Proposal" with 9 votes in favor, 0 votes against, and 0 abstentions.
- This proposal needs to be submitted to the Company's 2025 Shareholders' Meeting for deliberation.
II. Basic Information of the Company's 2025 Profit Distribution Proposal
- Distribution Basis: 2025
- According to the audit report issued by Tianjian Certified Public Accountants, the net profit attributable to parent company shareholders in the Company's 2025 consolidated financial statements was RMB 240,093,871.04. Adding the undistributed retained earnings from other comprehensive income carried forward in 2025 of RMB 3,900,856.15, minus the statutory surplus reserve of RMB 7,564,837.88 accrued in 2025, minus the dividends distributed in 2024 of RMB 131,260,000, and adding the undistributed profit at the beginning of the period of RMB 1,278,666,320.45, the distributable profit in the consolidated financial statements at the end of 2025 was RMB 1,383,836,209.76. The distributable profit for the parent company was RMB 91,544,510.44. According to the principle of lower of distributable profit in consolidated financial statements and parent company financial statements for listed companies, as of December 31, 2025, the distributable profit for the Company was RMB 91,544,510.44.
- The Company's 2025 profit distribution proposal is as follows: Based on the total share capital of 1,312,600,000 shares as of December 31, 2025, the Company proposes to distribute a cash dividend of RMB 0.50 (tax inclusive) per 10 shares to all shareholders, totaling RMB 65,630,000 (tax inclusive). No bonus shares will be issued, and no capital reserve will be converted into share capital. The remaining undistributed profit after this distribution will be carried forward to the next year.
- Total Cash Dividend for 2025 The Company did not implement any share buyback in 2025. If this profit distribution proposal is approved by the Shareholders' Meeting, the total cash dividend for 2025 will be RMB 65,630,000 (tax inclusive), accounting for 27.34% of the net profit attributable to parent company shareholders in 2025.
- If the total share capital entitled to profit distribution changes from the announcement of this profit distribution plan to its implementation, the total share capital entitled to profit distribution on the equity registration date for the implementation of the distribution plan will be used as the base, and the distribution ratio will be adjusted according to the principle of unchanged total distribution amount.