Panda Dairy Corporation announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 2.00000000. Record date: 23 May 2023, Ex-date: 24 May 2023 and Payment date: 24 May 2023. 10 % withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable.

Please refer to below details: Tax on cash dividend/10 shares: CNY0.20000000(10 % x CNY 2.00000000) Net cash dividend/10 shares after tax: CNY1.80000000(CNY2.00000000- CNY0.20000000).