Red Star Macalline Group Corporation Ltd. at its AGM held on June 26, 2023 approved distribution of special dividend of RMB 0.46 (tax inclusive, the actual amount distributed may differ slightly due to rounding) per 10 Shares with an aggregate amount of RMB 200,269,642.16 (tax inclusive) special dividend to Shareholders. Due to the need to handle the special dividend payment logistics, the special dividend will be distributed (i) on 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 cash dividends 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. Ex-dividend date is 13 July 2023.