Shenzhen Sunway implements equity distribution, adjusts share repurchase price

Shenzhen Sunway Communication announced the implementation of its 2024 annual equity distribution plan and a corresponding adjustment to its share repurchase price limit. The company will distribute a cash dividend of CNY 0.50 (inclusive of tax) per 10 shares, based on a total share base of 952,468,607 shares after excluding the 15,100,031 shares held in its repurchase-specific securities account. This results in a total cash dividend payout of CNY 47,623,430.35. Concurrently, the company will adjust its share repurchase price ceiling from CNY 30.00 per share to CNY 29.95 per share, effective July 11, 2025, the ex-dividend date. The adjustment is in accordance with the company's previously disclosed repurchase plan, which stipulates adjustments to the repurchase price in the event of cash dividends or other dilutive events. The equity distribution will be completed by July 11, 2025, to shareholders listed in the books of the China Securities Depository and Clearing Corporation Shenzhen Branch as of the close of trading on July 10, 2025.