Shanghai AtHub to seek shareholder approval for debt financing, mid-year dividend

Shanghai AtHub Co., Ltd. plans to register and issue debt financing instruments not exceeding CNY 1.5 bn, comprising ultra-short-term financing bonds with a maturity of up to 270 days. The proceeds are intended for replenishing working capital and repaying interest-bearing debts, aligning with the company's strategy to broaden financing channels and optimize its debt structure. The proposal awaits shareholder approval at the upcoming extraordinary general meeting on September 24, 2025.

Additionally, AtHub proposes a mid-year profit distribution plan for 2025. Based on a net profit attributable to shareholders of CNY 84,958,577.73 for the first half of 2025, the company intends to distribute a cash dividend of CNY 0.024 (tax inclusive) per share. This totals an estimated cash dividend of CNY 17,241,047.98, representing 20.29% of the net profit attributable to shareholders for the period.

The remaining undistributed profit of CNY 948,030,715.20 will be rolled over to the next reporting period, with no capital reserve conversion into share capital or bonus shares planned. This distribution strategy considers the company's development stage and future capital requirements, aiming to avoid adverse impacts on cash flow and operations.