Shanghai RAAS: Shareholder Return Plan for the Next Three Years (2024-2026)

Shanghai RAAS 002252 Shareholder Return Plan for the Next Three Years (2024-2026)

Shanghai RAAS Blood Products Co., Ltd.

Shareholder return planning for the next three years (2024-2026)

(Revised in November 2025)

In order to further enhance the transparency of the profit distribution policy of Shanghai RAAS Blood Products Co., Ltd. (the "Company"), improve and improve the company's profit distribution decision-making and supervision mechanism, maintain the continuity and stability of the profit distribution policy, protect the legitimate rights and interests of investors, and facilitate investors to form stable return expectations, according to the China Securities Regulatory Commission ( "China Securities Regulatory Commission") "Regulatory Guidelines for Listed Companies No. 3 - Cash Dividends of Listed Companies" (CSRC Announcement [2025] No. 5), as well as the relevant provisions of the profit distribution policy in the "Articles of Association", and comprehensively considering factors such as corporate profitability, business development planning, shareholder returns, social capital costs and external financing environment, the company's board of directors formulated the "Shareholder Return Plan for the Next Three Years (2024-2026)" ("This Plan"), the contents of which are as follows:

Article 1 Factors considered by the company in formulating shareholder return plan

The company focuses on long-term and sustainable development. Based on a comprehensive analysis of the actual business development, shareholder requirements and wishes, social capital costs, external financing environment and other factors, the company fully considers the company's current and future profit scale, cash flow status, development stage, project investment fund needs, bank credit and debt financing environment, etc., and establishes a sustainable, stable and scientific return plan and mechanism for investors, thereby making institutional arrangements for profit distribution to maintain the continuity and stability of the profit distribution policy.

Article 2 Principles for formulating shareholder return planning

The company implements a stable, sustainable and reasonable profit distribution policy, attaches great importance to reasonable returns to investors and takes into account the company's sustainable development. Every year, it will correctly handle the relationship between the company's short-term interests and long-term development based on the current operating conditions and project investment capital demand plans, fully considering the interests of shareholders, and fully listen to the opinions of shareholders (especially small and medium-sized shareholders) and independent directors to determine a reasonable profit distribution plan.

Article 3 The company’s specific shareholder return plan for the next three years (2024-2026)

Shanghai RAAS 002252 Shareholder Return Plan for the Next Three Years (2024-2026)

(1) Form of profit distribution

Companies can distribute dividends in the form of cash, stocks, or a combination of cash and stocks. If a company meets the conditions for cash dividends, it shall give priority to cash dividends for profit distribution. When considering the company's growth or major capital needs, and on the premise of ensuring that the company's share capital size and equity structure are reasonable, the company may additionally distribute stock dividends for profit distribution.

(2) Interval period for profit distribution

If the company achieves profits that year and has profits available for distribution, it shall make annual profit distributions. The company's board of directors may propose the company to conduct mid-term cash dividends based on the company's profitability and capital needs.

(3) Specific conditions for the company to distribute cash dividends

1. On the basis of meeting the conditions for cash dividends and taking into account the company's sustainable operations and long-term development, cash dividends will be distributed once every year for the next three years. The profits distributed in cash each year shall not be less than 10% of the distributable profits realized in that year. The accumulated profits distributed in cash in the past three years shall not be less than 30% of the average annual distributable profits realized in the three years. The specific dividend ratio for each year will be proposed by the board of directors based on the company's annual profits and future fund use plans.

2. The company's board of directors should comprehensively consider factors such as the characteristics of the company's industry, development stage, its own business model, profitability, debt repayment ability, and whether there are major capital expenditure arrangements and investor returns, distinguish the following situations, and propose differentiated cash dividend policies in accordance with the procedures stipulated in the Articles of Association: (1) If the company's development stage is mature and there is no major capital expenditure arrangement, when making profit distribution, the proportion of cash dividends in this profit distribution should be at least 80%;

(2) If the company is in a mature development stage and has major capital expenditure arrangements, when distributing profits, the proportion of cash dividends in this profit distribution should be at least 40%;

(3) If the company is in the growth stage and has major capital expenditure arrangements, when distributing profits, the proportion of cash dividends in the profit distribution should be at least 20%;

If the company's development stage is difficult to distinguish but there are major capital expenditure arrangements, it can be handled in accordance with the provisions of the preceding paragraph. The proportion of cash dividends in this profit distribution is cash dividends divided by the sum of cash dividends and stock dividends.

(4) Specific conditions for the company to issue stock dividends

Shanghai RAAS 002252 Shareholder Return Plan for the Next Three Years (2024-2026)

If the company's operating income grows rapidly and the board of directors believes that the company's equity situation does not match the company's operating scale and that issuing stock dividends is beneficial to the overall interests of all shareholders of the company, it can distribute stock dividends in addition to meeting the minimum cash dividend distribution. The stock dividend distribution plan is drawn up by the board of directors and submitted to the shareholders' meeting for voting.

(5) Decision-making mechanism for company profit distribution

After the company ends each fiscal year, the company's board of directors will propose a profit distribution plan and submit it to the shareholders' meeting for voting.

When the company achieves profitability and meets the conditions for profit distribution, the company's board of directors shall formulate a mid-term profit distribution plan (if mid-term distribution is planned) and an annual profit distribution plan based on the company's specific operating conditions and market environment. The profit distribution plan formulated by the board of directors must be approved by more than half of the board of directors.

If independent directors believe that the specific cash dividend plan may damage the rights and interests of the listed company or small and medium-sized shareholders, they have the right to express independent opinions. If the board of directors fails to adopt the opinions of independent directors or does not fully adopt them, it shall record the opinions of independent directors and the specific reasons for not adopting them in the board resolution and disclose them.

The audit committee should supervise the implementation and decision-making procedures of the company's profit distribution policy and shareholder return plan by the board of directors and management, and should issue special explanations and opinions on the implementation of relevant policies and plans for those who made profits during the year but did not propose a profit distribution plan.

If the company achieved profits in the previous fiscal year, but the company's board of directors did not formulate a cash dividend plan after the end of the previous fiscal year, it should detail the reasons for non-distribution and the use of the undistributed profits that were not used for distribution in the regular report. When convening a shareholders' meeting, in addition to the on-site meeting, the company should also provide shareholders with an online voting platform.

When the company's shareholders review the specific cash dividend plan, they should fully listen to the opinions of small and medium-sized shareholders. In addition to arranging to listen to the opinions of shareholders at the shareholders' meeting, they should also proactively communicate with shareholders, especially small and medium-sized shareholders, through shareholder hotlines, investor relations interactive platforms, etc., and promptly respond to issues of concern to small and medium-sized shareholders.

(6) Implementation of the company’s profit distribution policy

After the company's shareholders make a resolution on the profit distribution plan, the company's board of directors must complete the distribution of dividends (or shares) within 2 months after the conclusion of the shareholders' meeting.

The company should disclose in detail the formulation and implementation of the cash dividend policy in regular reports, explain whether it complies with the provisions of the Articles of Association or the requirements of the resolution of the shareholders' meeting, and whether the dividend standards and proportions are clear and clear. Shanghai RAAS 002252 Shareholder Return Plan for the Next Three Years (2024-2026)

Whether the relevant decision-making procedures and mechanisms are complete, whether independent directors perform their duties and play their due role, whether small and medium-sized shareholders have the opportunity to fully express their opinions and demands, whether the legitimate rights and interests of small and medium-sized shareholders are fully protected, etc. If the cash dividend policy is adjusted or changed, a detailed explanation of whether the conditions and procedures for adjustment or change are compliant and transparent, etc.

(7) Adjustment of the company’s profit distribution policy

If the company needs to adjust its profit distribution policy due to major changes in its production and operation conditions, investment plans, etc. or force majeure factors such as natural disasters and epidemics, the company's board of directors shall propose a profit distribution policy adjustment proposal based on the actual situation and submit it to the shareholders' meeting for special resolution consideration. Among them, if the cash dividend policy is adjusted or changed, the reasons should be demonstrated and explained in detail in the proposal, and passed by more than 2/3 of the voting rights held by shareholders attending the shareholders' meeting; the adjusted profit distribution policy should be based on the protection of shareholders' rights and interests, and must not violate the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange; the company should provide online voting and other methods to facilitate public shareholders to participate in the shareholders' meeting voting.

Article 4 Supplementary Provisions

Matters not covered in this plan shall be implemented in accordance with relevant laws, regulations, normative documents and the Articles of Association.

This plan will be interpreted by the company's board of directors and will be implemented from the date of review and approval by the company's shareholders' meeting.

Shanghai RAAS Blood Products Co., Ltd.

board of directors

November 2025