Tingyi (Cayman Islands) Holding Corp. Announces Special Dividend for the Year Ended December 31, 2022, Payable on or About July 12, 2023

Tingyi Cayman Islands Holding Corp produces and sells food products and beverages. Products are sold under the Master Kong name. Sales break down by product family as follows: - beverages (58.3%): bottled waters, fruit juices, teas, etc.; - instant noodles (39.5%); - snacks (1.3%); - other (0.9%). At the end of 2018, products were being sold through 28,415 wholesalers and 140,779 retailers, through a network of 369 sales offices and 108 warehouses located in China. More than 99% of sales are in China.