Wenling Zhejiang Measuring and Cutting Tools Trading Centre Company Limited at its AGM held on 9 May 2023 approved final dividend of the Company for 2022. The Company will distribute a final dividend of RMB 0.20 in cash (before tax) per share for the year ended 31 December 2022 to the Shareholders whose names appear on the register of members of the Company on 23 May 2023 (the "Record Date"). For the purpose of ascertaining shareholders' entitlement to the final dividend, the register of members of H Shares of the Company will be closed from 16 May 2023 to 23 May 2023, both days inclusive, during which no transfer of H Shares will be registered.

In order to qualify for the entitlement to the final dividend, all transfer instruments of the H Shares together with the relevant share certificates shall be lodged with the Company's H Share registrar, Tricor Investor Services Limited, 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, before 4:30 p.m., on 15 May 2023 for registration. The dividend will be denominated and declared in Hong Kong Dollar, and distributed to the domestic shareholders in RMB and to the overseas shareholders in Hong Kong Dollar. The exchange rate for the dividend calculation in RMB is based on the average benchmark exchange rate of Hong Kong Dollar against RMB as published by the People's Bank of China one week preceding the date of the declaration of such dividend, being HKD 1.0000: RMB 0.8821.

Based on the above exchange rate, a final dividend of HKD 0.2267 (before tax) will be payable per H Share. The expected payment date of final dividend of the Company for 2022 to holders of Domestic Shares is 24 May 2023, whereas the expected payment date of final dividend of the Company for 2022 to holders of H Shares is 9 June 2023.