Gelonghui, March 28 | Fulu Holdings (02101.HK) announced that due to the broadening of the Group's business areas and the adjustment of the business structure, the share of B2B business is gradually increasing. With the rapid growth of the corporate welfare business and the strengthening of the company's development efforts for large enterprise-level customers, the number of large enterprises such as state-owned enterprises, central enterprises and financial institutions in the company's customer base has increased. However, these customers require a longer reconciliation period, and the company's capital settlement cycle has increased relatively. At the same time, the Group also needs more operating capital to expand related businesses. In order to ensure that the Group can steadily respond to rapid changes in the market, reserve sufficient capital to support the continuous development of related businesses, and achieve long-term business goals, the board of directors decided and resolved to adjust the dividend plan after careful consideration and not to declare a final dividend for the year ended December 31, 2023.
In the future, the board of directors will evaluate and decide on dividend distribution based on factors such as the stage of business development, future capital expenditure plans, and cash flow conditions, and submit the annual dividend distribution proposal to shareholders for review and approval.