Zhejiang Fengmao Technology Co., Ltd. (hereinafter referred to as "the Company") announces the implementation of the 2025 annual equity distribution plan, which was approved at the 2025 annual shareholders' meeting held on May 26, 2026. The details of the equity distribution are as follows:
I. Approval of Profit Distribution Plan by Shareholders' Meeting
- The profit distribution plan approved at the 2025 annual shareholders' meeting is based on a total share capital of 104,121,820 shares as of December 31, 2025. The Company plans to distribute a cash dividend of 2 RMB (including tax) for every 10 shares to all shareholders, totaling 20,824,364.00 RMB (including tax). The remaining undistributed profits will be carried forward to future distributions. This year, there will be no capital reserve conversion to increase share capital, nor will there be any bonus shares. If the total share capital changes due to share buybacks, stock option exercises, or new shares from refinancing before the implementation of the profit distribution plan, the Company will adjust the total distribution amount based on the share capital eligible for profit distribution on the record date while maintaining the distribution ratio.
- During the period from the disclosure of the distribution plan to its implementation, the total share capital of the Company has not changed.
- The distribution plan being implemented is consistent with the plan approved by the shareholders' meeting and its adjustment principles.
- The time elapsed since the approval of the distribution plan by the shareholders' meeting is less than two months.