Securities Code: 301066 Securities Abbreviation: Times United Announcement No.: 2026-030
Hangzhou Times United Silk Culture Co., Ltd. Announcement on the Implementation of the 2025 Annual Equity Distribution
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Special Notes:
- The shares held in the dedicated repurchase securities account of Hangzhou Times United Silk Culture Co., Ltd. (hereinafter referred to as the "Company"), totaling 1,302,814 shares, will not participate in this equity distribution. The Company's 2025 annual profit distribution plan is based on a total share capital of 234,923,111 shares as of December 31, 2025, minus the 1,302,814 shares in the dedicated repurchase securities account, resulting in a base of 233,620,297 shares. For every 10 shares, a cash dividend of RMB 0.5 (tax inclusive) will be distributed to all shareholders. The total actual cash dividend distributed will be 233,620,297 shares * RMB 0.5 / 10 shares = RMB 11,681,014.85 (tax inclusive). If there are changes due to new share listings, exercise of equity incentive awards, conversion of convertible bonds, share repurchases, or other events between the disclosure and implementation of the distribution plan, the total distribution amount will be adjusted in accordance with the principle of maintaining the same distribution ratio.
- When calculating the ex-rights and ex-dividend price after the implementation of this equity distribution, the cash dividend per 10 shares (tax inclusive) calculated based on the Company's total share capital (including repurchased shares) is RMB 11,681,014.85 / 234,923,111 shares * 10 shares = RMB 0.497227. The reference ex-rights and ex-dividend price after the implementation of this equity distribution is the closing price of the trading day before the ex-rights and ex-dividend date minus the cash dividend per share calculated based on the Company's total share capital (including repurchased shares) = closing price of the trading day before the ex-rights and ex-dividend date - RMB 0.0497227 per share.
The 2025 annual profit distribution plan of Hangzhou Times United Silk Culture Co., Ltd. was approved at the 2025 Annual General Meeting held on May 28, 2026. The profit distribution matters are hereby announced as follows: