Zhejiang Chinastars New Materials Group Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 15 May 2023, Ex-date: 16 May 2023 and Payment date: 16 May 2023. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable.

Please refer to below details: Tax on cash dividend/10 shares: CNY0.70000000(10% x CNY7.00000000) Net cash dividend/10 shares after tax: CNY6.30000000(CNY7.00000000- CNY0.70000000).