Declared Dividend • Jun 15
Dividend reduced to CN¥0.032 Dividend of CN¥0.032 is 16% lower than last year. Ex-date: 22nd June 2026 Payment date: 22nd June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 41% EPS decline seen over the last 3 years. New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.4% net profit margin). Announcement • Apr 20
Fuling Technology Co., LTD, Annual General Meeting, May 29, 2026 Fuling Technology Co., LTD, Annual General Meeting, May 29, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China