Weaver Network announces differentiated cash dividend for first half of 2025

Beijing Deheng (Hangzhou) Law Firm has issued a legal opinion confirming that Shanghai Weaver Network's differentiated dividend distribution for the first half of 2025 complies with relevant laws and regulations and does not harm the interests of the company or its shareholders. The distribution, approved on September 1, 2025, will see a cash dividend of 0.075 yuan per 10 shares to all shareholders on record as of October 21, 2025.

The differentiation stems from the company's buyback of 2,544,250 shares, which will not participate in the dividend distribution, reducing the total shares eligible for dividends from 260,603,073 to 258,058,823. This adjustment means that while the actual cash dividend for eligible shares remains 0.075 yuan per 10 shares, the virtual dividend, calculated based on the total capital stock, is approximately 0.074 yuan per share. The ex-dividend reference price impact is minimal, at approximately 0.0018%.

The cash dividends for unrestricted circulating shares will be distributed through ChinaClear Shanghai Branch, while individual natural person shareholders Wei Lidong and Wei Jinkun will receive their dividends directly from the company. Tax withholding will apply to different shareholder categories based on holding period and investor type.