Jinpan International (JST) Lowers Dividend 81%; Change from Quarterly to Annual Dividend

Jinpan International Limited (Nasdaq: JST), a leading designer, manufacturer, and distributor of cast resin transformers, today announced that its Board of Directors has adopted a resolution to pay a dividend of $0.03 per common share during 2015. The $0.03 dividend will be paid in the second quarter and Company will set and announce the distribution and record date for the dividend during the second quarter.

Mr. Zhiyuan Li, Chief Executive Officer of Jinpan, commented, "We continue to experience uncertainty within our end-markets in China. In anticipation of this market volatility, the Company is taking measures to control costs and preserve cash in the near-term. After much deliberation, the Board decided to reduce our dividend until we have visibility into an improvement in market conditions."

Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.

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