Stock code: 688036 Stock abbreviation: Transsion Holdings Announcement No.: 2024-037

Shenzhen Transsion Holdings Co., Ltd

Regarding the adjustment of the total amount of cash dividends for the 2024 half-year profit distribution

of the announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

●Adjustment of the total amount of cash dividends: Shenzhen Transsion Holdings Co., Ltd. (hereinafter referred to as the "Company") plans to distribute a cash dividend of 15.00 yuan (tax included) to all shareholders for every 10 shares in the first half of 2024, and the total cash dividend will be adjusted from 169,3786,920 yuan (tax included) to 171,0525,8625 yuan (tax included).

●Reason for this adjustment: From the date of disclosure of the company's 2024 semi-annual profit distribution plan announcement to the disclosure date of this announcement, the company's 2022 restricted stock incentive plan granted part of the first vesting period and reserved for the first vesting period of the grant part were completed and listed for circulation, and the company's total share capital increased from 1,129,191,280 shares to 1,140,350,575 shares. The company intends to maintain the distribution amount per share unchanged and adjust the total profit distribution for the half year of 2024 accordingly.

1. Profit distribution plan before adjustment

On August 27, 2024, the company held the eighth meeting of the third board of directors and the sixth meeting of the third board of supervisors, and deliberated and approved the "Proposal on the Profit Distribution Plan for the Half Year of 2024". The company's profit distribution plan for the half year of 2024 is as follows:

The Company intends to distribute a cash dividend of RMB15.00 (tax included) to all shareholders for every 10 shares based on the total share capital registered on the record date for the implementation of equity distribution. Based on the total share capital of the Company as of the time of the Board of Directors' deliberation, the total proposed cash dividend is RMB 169,3786,920 (tax included). The semi-annual cash dividend accounted for 59.39% of the company's net profit attributable to shareholders of the listed company in the 2024 semi-annual consolidated statement of 285,201.45 million yuan (unaudited).

The company's profit distribution does not convert capital reserve into share capital, and does not give bonus shares. If this bill is passed

From the date to the registration date of the implementation of equity distribution, if there is a change in the total share capital of the company due to the conversion of convertible bonds into shares/repurchase of shares/repurchase and cancellation of shares granted by equity incentives/repurchase and cancellation of shares of major asset restructuring, the company intends to maintain the distribution ratio per share unchanged and adjust the total amount of distribution accordingly. For details, please refer to the "Announcement on the 2024 Semi-annual Profit Distribution Plan" disclosed by the company on the website of the Shanghai Stock Exchange.

2. Adjusted profit distribution plan

In 2022, the first vesting period of the first vesting period of the restricted stock incentive plan and the first vesting period of the reserved grant part were completed and listed for circulation, and the total share capital of the company increased from 1,129,191,280 shares to 1,140,350,575 shares. For details, please refer to the "Announcement on the First Vesting Period of the First Vesting Period of the First Grant of the 2022 Restricted Stock Incentive Plan and the Vesting Results of the First Vesting Period of the Reserved Grant Part and the Listing of Shares" disclosed by the Company on the website of the Shanghai Stock Exchange.

According to the above-mentioned changes in the company's total share capital and the 2024 semi-annual profit distribution plan, the company intends to maintain the distribution amount per share unchanged, and adjust the total cash dividends of the 2024 semi-annual profit distribution accordingly, and the adjusted 2024 semi-annual profit distribution plan is as follows:

The company intends to distribute cash dividends of 15 yuan (tax included) to all shareholders for every 10 shares based on the total share capital of the company registered on the record date of equity distribution, and the total share capital of the company as of the disclosure date of this announcement is 1,140,350,575 shares, and the total amount of cash dividends to be distributed is adjusted to RMB 171,0525,8625 (tax included), and the semi-annual cash dividend accounts for the company's net profit attributable to shareholders of listed companies in the semi-annual consolidated statements of 2024 285. The proportion of 2.0145 million yuan (unaudited) was 59.98%. The details are subject to the implementation results of equity distribution. There will be no bonus shares for this profit distribution, and no capital reserve will be converted into share capital.

The announcement is hereby made.

Board of Directors of Shenzhen Transsion Holdings Co., Ltd

October 18, 2024