Securities Code: 002891 Securities Abbreviation: Zhongchong Co., Ltd. Announcement No.: 2026-045
Yantai Zhongchong Foods Co., Ltd. Announcement on the 2025 Profit Distribution Proposal and Authorization for the Board of Directors to Decide on Quarterly Profit Distribution Plans for 2026
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Special Reminder: Distribution Ratio: RMB 1.60 cash dividend per 10 shares (tax inclusive). This profit distribution will be based on the total share capital registered on the equity distribution registration date. The specific date of the equity registration will be specified in the equity distribution implementation announcement. If the company's share capital changes due to convertible bond conversion, share buybacks, or equity incentive exercise before the disclosure and implementation of this profit distribution plan, the distribution will be based on the total number of shares entitled to profit distribution on the equity distribution implementation date. The company will adjust accordingly based on the principle of unchanged distribution ratio and disclose it in the equity distribution implementation announcement. This profit distribution plan needs to be submitted to the company's shareholders' meeting for deliberation.
I. Deliberation Procedures
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Board of Directors' Opinion On April 23, 2026, the 26th meeting of the Fourth Board of Directors deliberated and approved the "Proposal on the 2025 Profit Distribution Proposal and Authorization for the Shareholders' Meeting to Authorize the Board of Directors to Decide on the 2026 Quarterly Profit Distribution Plans." The Board of Directors believes that the 2025 profit distribution proposal is in line with the company's actual situation and relevant regulations such as the "Company Law," "Securities Law," and "Articles of Association." The Board of Directors agreed to the "Proposal on the 2025 Profit Distribution Proposal and Authorization for the Shareholders' Meeting to Authorize the Board of Directors to Decide on the 2026 Quarterly Profit Distribution Plans" and submitted it for deliberation at the company's 2025 Annual Shareholders' Meeting.
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Audit Committee's Opinion On April 23, 2026, the 16th meeting of the Fourth Board of Directors' Audit Committee deliberated and approved the "Proposal on the 2025 Profit Distribution Proposal and Authorization for the Shareholders' Meeting to Authorize the Board of Directors to Decide on the 2026 Quarterly Profit Distribution Plans." The Audit Committee believes that the proposed 2025 profit distribution plan is aligned with the company's development, consistent with the company's actual situation, does not harm the interests of shareholders, especially small shareholders, and does not exceed the scope of accumulated distributable profits.
It is in line with relevant regulations and is conducive to the company's normal operation and healthy development. The proposal for the 2025 profit distribution is approved.