Ningbo Bank announces cash dividend plan for first half of 2025

Ningbo Bank Co., Ltd. announced the implementation of its 2025 half-year equity distribution plan, approved at the second extraordinary general meeting on December 8, 2025. The company will distribute a cash dividend of RMB3 per 10 shares (including tax) to all ordinary shareholders registered by the close of business on the equity distribution record date. No bonus shares will be issued, nor will capital reserves be converted into share capital.

The equity distribution record date is December 16, 2025, with the ex-dividend date set for December 17, 2025. For Hong Kong market investors holding shares through Shenzhen-Hong Kong Stock Connect and overseas institutions (including QFII and RQFII), RMB2.7 per 10 shares will be distributed after tax. Individual shareholders holding shares restricted before the initial public offering will also receive RMB2.7 per 10 shares after tax.

Differential tax rates apply to individual shareholders holding restricted shares after the initial public offering, restricted shares from equity incentives, and unlimited tradable shares. The company will not withhold individual income tax at this time; it will be calculated based on the holding period upon share transfer. For fund shares held by Hong Kong investors, a 10% dividend tax will be levied, while domestic investors' fund shares will be subject to differential tax rates.