The Board of Yihai International Holding Ltd. resolved to propose to the Shareholders in the forthcoming annual general meeting (the AGM) on 21 May 2021 for the distribution of a final dividend of 25.367 RMB cents per share for the year ended 31 December 2020. The final dividend is expected to be paid on or about 16 June 2021 to the Shareholders whose names are listed in the register of members of the Company on 31 May 2021, in an aggregate of approximately RMB 265.6 million. The final dividend will be distributed in Hong Kong dollars and will be calculated based on the average benchmark exchange rate of RMB against Hong Kong dollar announced by the People's Bank of China in the five working days prior to but excluding the date of the Board meeting held on 23 March 2021. The proposal for the distribution of the final dividend above is subject to the consideration and approval of the Shareholders at the AGM.