Songcheng Performance Development Co., Ltd.
Announcement on the Implementation of Equity Distribution for the Year 2025
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- Songcheng Performance Development Co., Ltd. (hereinafter referred to as "the Company") has repurchased 13,988,074 shares in its special securities account, which will not participate in this equity distribution. The equity distribution plan is as follows: based on the latest total share capital of 2,624,679,810 shares, deducting the repurchased shares of 13,988,074 shares, the total share capital for distribution is 2,610,691,736 shares. A cash dividend of RMB 2.50 (including tax) will be distributed for every 10 shares to all shareholders, totaling RMB 652,672,934.00 (including tax).
- After the implementation of this equity distribution, when calculating the ex-dividend price, the cash dividend amount per 10 shares (including tax) based on the total share capital (including repurchased shares) will be calculated as follows: cash dividend total / total share capital (including repurchased shares) * 10 = 652,672,934.00 / 2,624,679,810 * 10 = 2.486676 RMB (retaining six decimal places, with the last digit truncated, not rounded).
- The reference price for the ex-dividend price of the company's stock after the implementation of this equity distribution will be the closing price on the trading day before the ex-dividend date minus the cash dividend amount per share calculated based on the total share capital (including repurchased shares) = closing price on the record date - 0.2486676 RMB.
The profit distribution plan for the year 2025 has been approved by the shareholders' meeting held on May 18, 2026. For specific details, please refer to the announcements disclosed by the company on the Giant Tide Information Network (www.cninfo.com.cn) regarding the "Announcement on the Profit Distribution Plan for 2025" (Announcement No.: 2026-009) and the "Announcement on the Resolutions of the 2025 Annual Shareholders' Meeting" (Announcement No.: 2026-023).
Now, the equity distribution matters are announced as follows: