GUOQUAN (02517) announced that its board of directors has approved a dividend policy on the date of this announcement. The policy aims to standardize the company's profit distribution, establish a scientific, sustainable, and stable shareholder return mechanism, and balance shareholders' immediate returns with the company's long-term development to protect the legitimate rights and interests of all shareholders. This dividend policy is subject to approval by the company's shareholders at the 2025 annual general meeting scheduled for April 29, 2026, before it can take effect. Once formally adopted, the policy will guide the company in declaring and distributing dividends to allow shareholders to share in the company's profits. Generally, under conditions suitable for profit distribution, the company plans to distribute dividends twice a year, declaring or proposing dividends upon the board's approval of the full-year or half-year results. In special circumstances, such as significant investment returns or other necessary situations, the board may also propose special dividends at its discretion. The dividend policy permits profit distribution through cash, shares, a combination of both, or other methods allowed by laws and regulations. When conditions permit, the company will prioritize cash dividends to reward shareholders. The board and the company will consider various factors when deciding on dividend declarations, recommendations, or payments, including the company's operational development, shareholder demands and preferences, social capital costs and external financing environment, industry characteristics, business development stage, strategic plans, operational model, current and expected profitability, cash flow and financial status, significant capital expenditure plans, the amount of executed share repurchase plans, legal and regulatory environment, and any other factors the board deems relevant. Provided conditions for cash dividends are met from 2026 to 2028, the total annual cash dividend distribution should be no less than 60% of the annual net profit attributable to the company's shareholders. Past dividend declarations may not be indicative of future distributions. Any declaration, payment, and amount of dividends are subject to the company's constitutional documents, applicable Chinese laws, and shareholder approval. Future dividend payments will also depend on the ability to receive dividends from the company's Chinese subsidiaries. Chinese law stipulates that dividends can only be paid from annual profits calculated under Chinese Accounting Standards, and the calculation of distributable profits under Chinese GAAP differs in some aspects from that under International Financial Reporting Standards. Chinese law also requires subsidiaries to allocate a portion of their profits to statutory reserves, which cannot be distributed as cash dividends. Distributions from subsidiaries may be restricted if they incur debt or losses, or due to restrictive covenants under bank credit financing or other agreements the company or its subsidiaries may enter into in the future.