Shenzhen Institute of Building Science Co., Ltd. (hereinafter referred to as the "Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The proposal not to implement profit distribution for the year 2025 was reviewed and unanimously approved at the fourth regular meeting of the fourth Board of Directors of the Company. This matter has undergone the necessary preliminary research procedures by the independent directors, who also unanimously agreed and believe that the decision to not implement cash dividends, capital reserve transfers to increase shares, or other forms of profit distribution for 2025 is a measure taken to ensure the necessary funds for the Company's development, considering that the Company is at a critical point of strategic transformation and has experienced its first profit loss since going public. There are no violations of relevant laws and regulations or the Company's Articles of Association, nor does it harm the interests of shareholders, especially minority shareholders.
The proposal not to implement profit distribution for 2025 will be submitted to the Company's 2025 Annual General Meeting for review, with the meeting date to be announced separately.