Gemdale Properties and Investment Corporation Limited at its annual general meeting held on May 25, 2022, approved and the Board announced that the Company will distribute a final dividend of RMB 0.06 per share (equivalent to HKD 0.0703 per share) for the year ended December 31, 2021, payable on or about August 8, 2022 to the shareholders whose names appear on the register of members of the Company on June 13, 2022. The final dividend shall be declared in RMB and paid in Hong Kong dollars. The relevant exchange rate is HKD 1 to RMB 0.85338, being the average middle rate of Hong Kong dollars to RMB as announced by the People's Bank of China for the period from May 19, 2022 to May 25, 2022.