Zhejiang Hengwei Battery Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 6.00000000. Record date: 09 June 2022, Ex-date: 10 June 2022, Payment date: 10 June 2022. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable.

Please refer to below details: Tax on cash dividend/10 shares: CNY0.60000000(10% x CNY6.00000000) Net cash dividend/10 shares after tax: CNY5.40000000(CNY6.00000000- CNY0.60000000).