Shenzhen Pagoda Industrial (Group) Corporation Limited at its AGM held on May 23, 2023 approved the distribution of a final dividend in cash of RMB 0.076 (including tax) per Share for 2022. The Final Dividend is denominated in RMB and will be paid to the Domestic Shareholders and H Shareholders in RMB and Hong Kong dollar ("HKD"), respectively. The amount of HKD payable is calculated at the average exchange rate of the RMB against Hong Kong dollar issued by the People's Bank of China five business days preceding the AGM, which is HKD 1.00 to RMB 0.893438.

Accordingly, the Company adopted the exchange rate of RMB 1.00 to HKD 1.12 and the Final Dividend to be paid per H Share is HKD 0.08512 (including tax). The Final Dividend will be paid to Shareholders on or about July 10, 2023. For details on taxation matters in relation to the Final Dividend.

To determine the eligibility of Shareholders to receive Final Dividend, the register of members of the Company will be closed from, May 31, 2023 to June 5, 2023 (both days inclusive), during which period no transfer of Shares can be registered. Shareholders whose names appear on the register of members of the Company on June 5, 2023 will be entitled to receive the Final Dividend for 2022. To be eligible to receive the Final Dividend, for H Shareholders, all the transfer documents accompanied with the relevant share certificates and other appropriate documents must be lodged for registration with the Company's H share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on May 30, 2023.