I. Approval of Profit Distribution Plan by Shareholders' Meeting
The equity distribution plan for 2025 of Tibet Gaozheng Mining Explosives Co., Ltd. (hereinafter referred to as "the Company") was approved at the shareholders' meeting held on April 28, 2026. The plan is based on the Company's existing total share capital of 277,046,000 shares, distributing a cash dividend of 1.40 RMB (tax included) for every 10 shares to all shareholders, totaling 38,786,440.00 RMB (tax included). There will be no stock distribution or capital reserve conversion into share capital. If the Company's share capital changes due to new shares listing, equity incentive exercise, convertible bonds conversion, or share buybacks between the disclosure of the distribution plan and the equity registration date, the distribution ratio will be adjusted accordingly while keeping the total cash dividend unchanged. This distribution plan is consistent with the plan approved by the shareholders' meeting for 2025 and its adjustment principles, and the total share capital of the Company has not changed during the period from the disclosure of the distribution plan to its implementation. The time from the approval of the shareholders' meeting to the implementation of the distribution plan does not exceed two months. The equity distribution matters are hereby announced as follows: