The board of CCID Consulting Company Limited announced that its board meeting held on July 14, 2022, to recommend a payment of a special dividend of 5.0 RMB cents (tax inclusive) per Share to all the Shareholders. The Board, having considered the financial and cash flow position of the Group and for the purpose of offering a better return to the Shareholders and investors, recommended the payment of the Special Dividend. Based on 700,000,000 Shares in issue, the Special Dividend, if declared and paid, will amount to an aggregate amount of RMB 35,000,000 (tax inclusive).

According to the articles of association of the Company, the Special Dividend will be denominated and declared in RMB. The Special Dividend payable to the holders of the Domestic Shares will be paid in RMB, whilst the Special Dividend payable to the holders of the H Shares will be paid in HKD (at the exchange rate being the average market rate of RMB to HKD announced by the People's Bank of China one week prior to the announcement of the dividend, i.e. the date of the EGM). The proposed payment of the Special Dividend will be paid on or about September 13, 2022 and subject to the approval by the Shareholders at the EGM.