Zhejiang Hongchang Electric Technology 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, with no false records, misleading statements, or significant omissions.
The equity distribution plan for the year 2025 has been approved at the 2025 annual shareholders' meeting held on April 28, 2026. The details of the equity distribution are as follows:
1. Equity Distribution Plan
The equity distribution plan for the year 2025 is as follows: Based on the total share capital of 130,957,159.00 shares after excluding the repurchased shares of 6,075.00 shares, a cash dividend of RMB 0.280000 per 10 shares (including tax) will be distributed to all shareholders. After tax, for overseas institutions (including QFII, RQFII) and individuals holding restricted shares before the initial public offering (IPO), the distribution will be RMB 0.252000 per 10 shares. For individuals holding restricted shares after the IPO, equity incentive restricted shares, and unrestricted circulating shares, a differentiated tax rate will apply. The Company will not withhold individual income tax at this time; tax liability will be calculated based on the holding period when the individual transfers the shares.