Tianjin Tianbao Energy Co., Ltd. proposed a final dividend after the end of the reporting period of RMB nil per ordinary share compared to RMB 0.024 in 2022. Due to multiple factors, the Group's Lingang Thermal Power's gas distributed energy projects had not yet reached the level of smooth operation to be profitable since it was at the initial stage of operation in 2023 and the self-developed new energy projects in 2023 were in the handover stage and therefore had not made any contribution. Hence, the profit attributable to equity Shareholders of the Group is relatively low.

The Group intends to carry out investment projects such as contract energy management and distributed photovoltaic projects in 2024. In order to maintain the sustainable and long term profitable development of the Company, the Board has resolved not to declare a final dividend for 2023 against RMB 0.024 per share in 2022.