GRG Metrology & Test to issue mid-year cash dividend

Guangzhou GRG Metrology & Test's board approved a 2025 semi-annual profit distribution plan of CNY 1.50 (including tax) per 10 shares, based on the total share capital with profit distribution rights at the future equity distribution record date. This plan, which will not include bonus shares or capitalization from capital reserves, is subject to approval at the 2025 second extraordinary general meeting.

The company also announced the cancellation of 110,000 unexercised stock options and the repurchase and cancellation of 110,000 restricted shares from 13 departing incentive individuals under its 2023 equity incentive plan. The repurchase price per restricted share will be adjusted from the initial CNY 8.68 based on past dividend distributions. The repurchase funds, totaling approximately CNY 914,400 or CNY 897,900, will be sourced from the company's own funds. This action will decrease the company's total share capital from 583,245,846 shares to 583,135,846 shares, reflecting the adjustment of restricted shares. The associated expenses for the cancelled and repurchased shares will be charged back in the year of the employees' departure and will not affect future profits or the normal operation of the incentive plan.