On June 27, 2023, ACM Research (Shanghai), Inc., held its 2023 Annual Stockholder Meeting in Shanghai, China. During this meeting, the stockholders of ACM Shanghai approved and adopted various resolutions, including a proposed dividend to be paid to the stockholders of ACM Shanghai. The amount of the planned dividend is RMB 0.372 per share for an aggregate total of approximately RMB 161.28 million (approximately $22.2 million based on currency exchange rates as of July 3, 2023).

The payment is expected to be completed by the end of 2023.