Unify Low-Carbon subsidiary addresses losses, parent company distributes dividends

Unify Low-Carbon Technology (Xinjiang) Co., Ltd. announced that its wholly-owned subsidiary, Shanghai Xili Technology Industrial Development Co., Ltd., will use 53,965,483.46 yuan from its capital reserves to offset accumulated losses as of December 31, 2024. This action will reduce Shanghai Xili's capital reserves and eliminate its undistributed losses. Creditors have 30 to 45 days to request repayment or guarantees.

Concurrently, Unify Low-Carbon Technology (Xinjiang) itself will use 34,192,504.86 yuan from its surplus reserves and 294,028,985.82 yuan from its capital reserves to cover its own accumulated losses of 328,221,490.68 yuan as of December 31, 2024. These measures are intended to optimize the company's financial structure and facilitate future dividend distribution.

Additionally, the company's controlled subsidiary, Unify Petrochemical Co., Ltd., plans to distribute 68,000,000.00 yuan in cash dividends to its shareholders. As a 78.09% equity holder, Shanghai Xili Technology Industrial Development Co., Ltd. is expected to receive 53,101,200.00 yuan from this distribution.