Shenzhen Chunwang New Materials Co., Ltd. (the “Company”) and all members of the Board of Directors hereby confirm that the content of this announcement is true, accurate, and complete. There are no false records, misleading statements, or material omissions, and we accept individual and joint liability for the authenticity, accuracy, and completeness of the information presented.

I. Profit Distribution Proposal Details
Based on the 2024 Annual Report disclosed on 25 April 2025, the consolidated retained earnings attributable to the parent company as of 31 December 2024 were RMB 66,994,500.29. The parent company’s retained earnings stood at RMB 73,520,885.25.

The Company’s proposed profit distribution plan is as follows:
As of the Board meeting date reviewing this proposal, the Company’s total share capital is 31,460,794 shares. Based on the distributable shares of 31,460,794 (adjusted for treasury shares or any excluded shares, if applicable), the Company proposes to distribute cash dividends of RMB 1.50 per 10 shares (tax inclusive) to participating shareholders from retained earnings. The total cash dividend distribution is expected to be approximately RMB 4,719,119.10. Should the number of distributable shares on the record date differ from this proposal, the distribution ratio will remain unchanged, with the total amount adjusted accordingly. The final distribution result shall be subject to verification by China Securities Depository and Clearing Corporation Limited.

The individual income tax related to this distribution will be implemented in accordance with the Announcement on Continuing Differential Individual Income Tax Policies for Dividends of Listed Companies on the National Equities Exchange and Quotations (Joint Announcement No. 78 [2019] by the Ministry of Finance, State Taxation Administration, and China Securities Regulatory Commission).

II. Deliberation and Voting Status
(1) Board Deliberation
This proposal was reviewed and approved at the Company’s Board meeting on 25 April 2025. It remains subject to approval at the 2024 Annual Shareholders’ Meeting. The final proposal will be determined by the shareholders’ meeting resolution.

III. Risk Disclosure and Other Matters
(1) Prior to disclosing this proposal, the Company strictly controlled access to inside information and ensured all insiders were informed of confidentiality obligations and prohibited from insider trading.
(2) This distribution plan requires shareholders’ meeting approval before implementation. Investors are advised to consider associated investment risks.

IV. Reference Documents

• Resolution of the 8th Meeting of the Fourth Board of Directors of Shenzhen Chunwang New Materials Co., Ltd.
• Resolution of the 5th Meeting of the Fourth Board of Supervisors of Shenzhen Chunwang New Materials Co., Ltd.

Shenzhen Chunwang New Materials Co., Ltd.
Board of Directors
April 25 2025