Subsidiaries of Tongkun Group(601233.SH) have received a cash dividend of 1 billion RMB from Zhejiang Petrochemical.

Tongkun Group (601233.SH) announced that Zhejiang Petrochemical Co., Ltd. (referred to as "Zhejiang Petrochemical") is a wholly-owned subsidiary of the company's Zhejiang Tongkun Investment Co., Ltd. (referred to as "Tongkun Investment"), and Tongkun Investment holds 20% of the equity of Zhejiang Petrochemical. According to the shareholder meeting resolution made by Zhejiang Petrochemical regarding profit distribution, Tongkun Investment will receive a cash dividend of 1 billion yuan. As of December 27, 2024, Tongkun Investment has received the 1 billion yuan cash dividend from Zhejiang Petrochemical. The company accounts for its long-term equity investment in Zhejiang Petrochemical using the equity method, and receiving this cash dividend will help improve the company's cash flow, with no impact on the net profit of the consolidated financial statements for the year 2024.