HUDLAND defers 2022 cash dividend payment until late 2026

HUDLAND Real Estate Investment and Development Joint Stock Company's board of directors has unanimously resolved to postpone the payment of the 2022 cash dividend. This decision follows a proposal from the company’s executive board and is based on the minutes of the board of directors' meeting.

The adjustment allows for the 2022 dividend payment to be made no later than December 31, 2026. The executive board is tasked with monitoring the financial situation, reporting to the board of directors, and determining an appropriate payment time to ensure shareholder interests are protected and legal regulations are followed.

The resolution, effective from its signing date, grants the chairman of the board of directors the authority to sign necessary documents for its implementation. The board of directors, supervisory board, executive board, and all functional departments within HUDLAND are responsible for executing this resolution.