Times China Holdings Limited announced that on March 30, 2022, the Board resolved to recommend a final dividend of 7.87 RMB cents (equivalent to 9.17 HK cents) per ordinary share of par value of HKD 0.10 each in the share capital of the Company for the financial year ended 31 December 2021. As disclosed in the Announcement, the Final Dividend in the form of the Cash Dividend and/or the share certificates in respect of the New Shares in lieu of cash (in the case if the Shareholders have elected for scrip option) were scheduled to be sent to the Shareholders on 30 September 2022 and dealings in the New Shares on the Stock Exchange were expected to commence on 3 October 2022. Due to the continued volatility of the market and in order to preserve more cash resources for working capital purposes, after careful consideration, the Board has resolved to withdraw the payment of the Final Dividend.