World Precision Machinery Limited Proposes Special Interim Tax

World Precision Machinery Limited proposed that the Share Transfer Books and the Register of Members of the will be closed on 21 August 2023 at 5.00 p.m. for the purpose of determining shareholders' entitlement to the special interim tax-exempt (one-tier) dividend of RMB 0.375 per share for the financial year ending 31 December 2023 (the "Proposed Dividend"). Shareholders whose securities accounts with the Central Depository (Pte) Limited are credited with shares as at 5.00 p.m. on 21 August 2023 will also be entitled to the Proposed Dividend. The Proposed Dividend will be paid on 30 August 2023 in Singapore Dollar.

The exchange rate to be used in determining payment of above special interim tax-exempt (one-tier) dividend in Singapore Dollar will be disclosed in due course.