PUER LANCAANG ANCIENT TEA CO., LTD. (JICANG OLD TEA) ANNOUNCED ON MARCH 26, 2024 THAT IT WILL DISTRIBUTE A FINAL DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2023 WITH A DIVIDEND OF RMB 0.37 PER SHARE. The company's Board of Directors also proposed to add 5 shares per 10 shares of existing shares from the capital fund to all shareholders, but the plan is still subject to approval at the Annual General Meeting and subject to approval by the Hong Kong Stock Exchange Limited. At present, the specific distribution date of the dividend, the date of shareholder approval, the price of the cash dividend conversion to dividend shares, the date of the first sale of the dividend and other relevant details are pending. The members of the Board of Directors of Chung Cong Gucha include Executive Directors and Independent Non-Executive Directors.

PUER LANCAANG ANCIENT TEA CO., LTD. (JICANG OLD TEA) ANNOUNCED ON MARCH 26, 2024 THAT IT WILL DISTRIBUTE A FINAL DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2023 WITH A DIVIDEND OF RMB 0.37 PER SHARE. The company's Board of Directors also proposed to add 5 shares per 10 shares of existing shares from the capital fund to all shareholders, but the plan is still subject to approval at the Annual General Meeting and subject to approval by the Hong Kong Stock Exchange Limited. At present, the specific distribution date of the dividend, the date of shareholder approval, the price of the cash dividend conversion to dividend shares, the date of the first sale of the dividend and other relevant details are pending. The members of the Board of Directors of Chung Cong Gucha include Executive Directors and Independent Non-Executive Directors.