Red Star Macalline Group Corporation Ltd. at its AGM held on June 26, 2023 approved to distribute a final cash dividend for the year 2022 of RMB 0.34 (tax inclusive, the actual amount distributed may differ slightly due to rounding) per 10 Shares with an aggregate amount of RMB 148,025,387.68 (tax inclusive) to Shareholders. Due to the need to handle the dividend payment logistics, dividend will be distributed (i) on, 24 July 2023 to A Share Shareholders whose names appear on the Share register of members of the Company on 21 July 2023; and (ii) on or about, 25 August 2023 to H Share Shareholders whose name appear on the Share register of members of the Company on 21 July 2023. The distribution of final dividends for 2022 will be denominated and declared in Renminbi, and paid in Renminbi and in HK dollars to A Share Shareholders and H Share Shareholders, respectively.

The actual amount distributed in HK dollars will be calculated based on the average benchmark exchange rate of Renminbi against HK dollar announced by the People's Bank of China in the five working days prior to the date of the AGM.