On 20 March 2020, the Board of Directors of Zhejiang New Century Hotel Management Co., Ltd. approved profit distribution plan for the year ended 31 December 2019. Cash dividends proposed was RMB 0.40 per share (inclusive of tax), amounting to a total dividend of RMB 112 million calculated based on the total number of shares in issue of 280,000,000. The profit distribution plan is subject to shareholders' approval at the forthcoming annual general meeting of the Company.