The board of directors of Weihai City Commercial Bank Co., Ltd. proposed that the Bank shall distribute 2020 dividends in cash amounted to RMB 0.598 billion (tax inclusive) for 2021, and to distribute a cash dividend of RMB 10 (tax inclusive) per 100 shares to the ordinary Shareholders whose names appear on the register of members of the Bank on the record date for equity distribution. The proposed final dividend is expected to be distributed to the Shareholders on or around July 2, 2021, and the profit distribution plan will be submitted to the 2020 annual general meeting for approval.