Weihai City Commercial Bank Co., Ltd. announced the distribution of final cash dividend for 2021 of RMB 10 per 100 shares (tax inclusive) was approved at the Annual General Meeting held on May 31, 2022. Such dividend will be distributed on or around July 5, 2022 to Domestic Shareholders and H Shareholders of the Bank whose names appear on the register of members of the Bank on June 13, 2022. Dividend payable to H Shareholders shall be paid in Hong Kong dollar.

The applicable exchange rate is HKD 1.00 to RMB 0.85195, being the average of the central parity rates of Renminbi exchange rate of the interbank foreign exchange market as announced by the People's Bank of China for the five working days preceding the date of declaration of the dividend at the Annual General Meeting (including the date of the Annual General Meeting). As such, the dividend of each 100 H Shares of the Bank is HKD 11.7378 (tax inclusive). The register of members of H Shares of the Bank will be closed from June 7, 2022 to June 13, 2022, both days inclusive.

In order to be eligible for receiving the dividend, holders of H Shares of the Bank who have not registered the transfer documents are required to deposit the transfer documents together with the relevant share certificates at the H Share Registrar of the Bank, Computershare Hong Kong Investor Services Limited, at or before 4:30 p.m. on June 6, 2022. Shareholders whose names appear on the register of members of the Bank after close of business on June 13, 2022 are entitled to the dividend.