国产福利资源在线播放 Three-for-One Stock Split Frequently Asked Questions
On November 5, 2025, 国产福利资源在线播放 (鈥淭PL鈥�) announced that its Board of Directors approved a three-for-one split of its common stock, subject to finalization of the effective date as determined by the Board. On December 2, 2025, TPL announced the filing of an amendment to TPL鈥檚 Restated Certificate of Incorporation to effect the stock split and proportionately increase the number of shares of authorized issued and unissued common stock, effective December 22, 2025 (the 鈥淓ffective Date鈥�). As a result of the stock split, each holder of record of TPL鈥檚 common stock on the Effective Date will receive two additional shares of common stock for every then-held share of common stock. We expect that trading of TPL common stock will begin on a stock split-adjusted basis on December 23, 2025.
How does a 3-for-1 stock split work?
In a 3-for-1 stock split, on the Effective Date, each holder of record of TPL鈥檚 common stock will receive two additional shares of TPL common stock for every share that he or she holds as of such date. In other words, after the stock split, the stockholder will hold three shares for every share held before the stock split. As a result, the total number of TPL鈥檚 shares of common stock will be tripled, and the price at which each share of TPL鈥檚 common stock trades is expected to be reduced by approximately one-third.
For example, if you held 100 shares before the stock split, you would hold 300 shares after the stock split becomes effective.
Will the stock split change my percentage ownership or voting power?
All authorized shares of common stock will increase proportionately. This includes outstanding shares, treasury shares, and authorized but unissued shares.
Will the stock split affect unissued shares?
All authorized shares of common stock will increase proportionately. This includes outstanding shares, treasury shares, and authorized but unissued shares.
When will the stock split be effective?
The Effective Date of the stock split is December 22, 2025.
When will the stock begin trading at its split-adjusted price on the NYSE?
The NYSE has advised that it has set December 23, 2025, as the first day that TPL common stock will trade on a post-split basis at a split-adjusted price.
How will I receive the additional shares resulting from the stock split?
If you hold shares in a brokerage account, the additional shares resulting from the stock split will be deposited into your account in the days following the Effective Date (December 22, 2025). Please contact your broker if you have any questions regarding timing.
If you hold your shares directly with Equiniti Trust Company, LLC (鈥淓quiniti鈥�) as TPL鈥檚 transfer agent in book-entry form, the additional shares resulting from the stock split will be deposited in a book-entry position and Equiniti will send you a statement indicating the number of additional shares issued to you as a result of the stock split.
No stock certificates will be issued for the additional shares of TPL common stock resulting from the stock split.
Where will my statement be sent?
If you currently hold shares directly with TPL鈥檚 transfer agent, Equiniti, statements will be sent to your address on record with Equiniti. If you have any questions regarding your Equiniti account, please call (718) 921-8124 or via email at helpAST@equiniti.com.
If your stock is currently held in a brokerage account, information will be provided by your broker.
Are there tax implications of the stock split for U.S. federal income tax purposes?
The stock split is intended to be tax-free for U.S. federal income tax purposes.
You are urged to consult your tax advisor with respect to the application of United States federal income tax laws to your particular situation as well as any tax considerations arising under other United States federal tax laws (such as the estate or gift tax laws) or under the laws of any state, local, foreign or other taxing jurisdiction or under any applicable tax treaty.
What is the cost basis of these new shares for U.S. federal income tax purposes?
Immediately after the stock split, the per-share tax basis for U.S. federal income tax purposes of all shares of common stock held by a stockholder will be the basis in the original shares allocated equally to the original shares and the additional shares resulting from the stock split.
Information will be included in the U.S. Internal Revenue Service Form 8937, Report of Organizational Actions Affecting Basis of Securities, prepared by TPL. This form will be posted on TPL鈥檚 website within 45 days from the Distribution Date.
You are urged to consult your tax advisor with respect to the application of United States federal income tax laws to your particular situation as well as any tax considerations arising under other United States federal tax laws (such as the estate or gift tax laws) or under the laws of any state, local, foreign or other taxing jurisdiction or under any applicable tax treaty.
How will the stock split affect the future calculation of net earnings or loss per share?
Reported per share net earnings or loss and other per share of common stock amounts will decrease because there will be more shares of common stock outstanding following the stock split. In financial statements issued after the stock split becomes effective, per share net earnings or loss and other per share of common stock amounts for periods ending before the effective date of the stock split will be adjusted to give retroactive effect to the stock split.
Will future declared quarterly dividends apply to my new shares?
Yes, any dividends declared in the future will apply uniformly to all shares of TPL鈥檚 common stock, including any new shares issued in the stock split.
Who should I contact if I have questions about my shares?
If you hold shares in a brokerage account, please contact you broker.
If you hold your shares directly with TPL鈥檚 transfer agent, you can contact Equiniti, TPL鈥檚 transfer agent at:
Equiniti Trust Company, LLC
Phone (U.S.): (718) 921-8124
Email: HelpAST@equiniti.com
Information Regarding Forward Looking Statements:
This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on TPL鈥檚 beliefs, as well as assumptions made by, and information currently available to, TPL, and therefore involve risks and uncertainties that are difficult to predict. Generally, future or conditional verbs such as 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� or 鈥渕ay鈥� and the words 鈥渂elieve,鈥� 鈥渁nticipate,鈥� 鈥渃ontinue,鈥� 鈥渋ntend,鈥� 鈥渆xpect鈥� and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, references to strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts. You should not place undue reliance on forward-looking statements. Although TPL believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, TPL may be unable to achieve such plans, intentions or expectations and actual results, and performance or achievements may vary materially and adversely from those envisaged in this news release due to a number of factors including, but not limited to: the initiation or outcome of potential litigation; and any changes in general economic and/or industry specific conditions. These risks, as well as other risks associated with TPL are also more fully discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. You can access TPL鈥檚 filings with the SEC through the SEC website at http://www.sec.gov and TPL strongly encourages you to do so. Except as required by applicable law, TPL undertakes no obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.