Core Viewpoint - The legal opinion letter from Grandall Law Firm (Shanghai) addresses the differentiated dividend distribution plan of Furande Co., Ltd. for the end of 2024, confirming its compliance with relevant laws and regulations [1][5]. Group 1: Differentiated Dividend Distribution - The differentiated dividend distribution is based on the total share capital as of the record date, proposing a cash dividend of 1.50 RMB per 10 shares (before tax) [3][4]. - The company will not issue bonus shares or convert capital reserves into share capital as part of this distribution [3][4]. Group 2: Share Buyback and Rights - Shares repurchased by the company will not participate in the profit distribution, as they do not hold voting rights or rights to dividends [2][4]. - As of July 2, 2025, the company has repurchased a total of 1,913,100 shares, which will be excluded from the dividend distribution [3][4]. Group 3: Calculation Basis for Dividend - The calculation for the differentiated dividend distribution is based on the total shares minus the repurchased shares, ensuring compliance with the Shanghai Stock Exchange regulations [4][5]. - The impact of the differentiated dividend on the ex-dividend reference price is minimal, with an absolute value impact of less than 1% [5]. Group 4: Legal Compliance - The differentiated dividend distribution plan meets the requirements of the Company Law, Securities Law, and relevant regulations, ensuring no harm to the interests of the company and its shareholders [5].

证券代码：605050 证券简称：福然德 公告编号：2025-031 福然德股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.15元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/23 | － | 2025/7/24 | 2025/7/24 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 27 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 年期末利润分配预案的议案》：公司拟以实施权益分派股权登记日登记的总股本为基数，向全 体股东每 10 股派发现金红利 1.50 元（含税）。如在实施权益分派的股权登记日前公司总股本 发生变动，公司拟维持每股分配比例不变，相应调整分配总额。本 ...

国浩律师（上海）事务所 关 于 福然德股份有限公司 差异化分红事项 之 专项法律意见书 上海市静安区山西北路 99 号苏河湾中心 MT25-28 楼 邮编:200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China T. +86 21 52341668 F. +86 21 52341670 E. grandallsh@grandall.com.cn W. www.grandall.com.cn 2025 年 7 月 ! ! ! ! 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于福然德股份有限公司 差异化分红事项之专项法律意见书 致：福然德股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、《上市公司股份回购规则》（以下简称"《回购 规则》"）、《上海证券交易所上市公司自律监管指引第 7 号—回购股份》（以下简 称"《回购指引》"）以及《福然德股份有限公司章程》（以下简称"《公司章程》"） 等相关法律、法规及规范性 ...

Core Viewpoint - Shanghai Kepler Robotics Co., Ltd. is focusing on strategic partnerships with listed companies in the automotive and robotics supply chain rather than traditional financial investors to enhance its capabilities and resources in the humanoid robotics sector [6][10]. Financing and Investment - Kepler completed an A+ round of financing on July 9, 2023, with new investors including listed companies Taotao Automotive and Furande, alongside previous investors from its A and Pre-A rounds [6][7]. - The company aims to build an industrial chain resource and address key component shortages in humanoid robotics, emphasizing that financial investors may not provide the necessary industry empowerment [6][10]. Industry Collaboration - The seven listed companies involved in Kepler's financing primarily focus on upstream component manufacturing and material supply, which can be leveraged for humanoid robotics development [8]. - Kepler is forming joint ventures with some of its investors to enhance collaboration and resource integration, such as establishing a company focused on robotic dexterous hands [9]. Product Development Strategy - Kepler adopts a "hardware-first" approach, believing that a stable and cost-effective hardware foundation is crucial for success in the humanoid robotics market [12][13]. - The company is developing both bipedal humanoid robots and wheeled robots, with the latter being seen as a transitional form for factory deployment [16]. Market Potential and Challenges - The humanoid robotics market is expected to see significant growth, with Kepler projecting a production capacity of 500 units per year from its new assembly plant [17]. - The company anticipates that its humanoid robots will be commercially viable in industrial settings, particularly for repetitive tasks, despite current challenges in scaling production [14][18]. Financial Considerations - Kepler's pricing strategy aims to provide a cost advantage in the market, with its "Pioneer K2" robot priced at approximately $30,000, which is competitive compared to traditional labor costs [13][17]. - The company is cautious about overextending financially, focusing on product development and market readiness before pursuing large-scale financing [18].

Core Viewpoint - Kepler Robotics has adopted a unique financing strategy by attracting investments primarily from A-share listed companies in the automotive and robotics sectors, rather than traditional venture capital, to enhance its industrial capabilities and resources [1][7]. Financing Strategy - Kepler completed an A+ round of financing on July 9, 2023, bringing in two listed companies, Taotao Automotive and Furande, following previous rounds that included five other companies in the automotive and robotics supply chain [1][5]. - The CFO of Kepler emphasized that the focus this year is on building industrial chain resources and addressing key component shortages in humanoid robots, rather than seeking financial investors who may not provide industry empowerment [1][7]. Industry Collaboration - The seven listed companies involved in Kepler's financing are primarily engaged in upstream component manufacturing and materials supply, with one focused on downstream distribution [2]. - Kepler is collaborating with these companies to enhance various aspects of humanoid robotics, such as precision in joint movement control, environmental perception, and lightweight materials for robots [3][4][5]. Product Development and Market Strategy - Kepler is developing two types of robots: bipedal humanoid robots and wheeled robots, with the latter serving as a transitional form for factory deployment [14]. - The company aims to leverage partnerships with industry leaders to co-develop core components, ensuring that the robots meet industrial standards for performance and cost [8][14]. Market Positioning and Cost Efficiency - The pricing strategy for Kepler's humanoid robot, "Pioneer K2," is set at approximately $30,000 (around 220,000 RMB), which is competitive compared to other robots priced between 500,000 to 700,000 RMB [9][15]. - Kepler's robots are designed to operate in industrial settings, where the cost sensitivity is high, and the company anticipates a return on investment (ROI) within two years based on labor cost comparisons [14][15]. Production Capacity and Future Outlook - Kepler expects to ship around 100 units this year, with a target of scaling up to 1,000 units next year, supported by a new assembly factory in Foshan with an annual capacity of approximately 500 units [15]. - The company is focused on ensuring product quality through in-house manufacturing capabilities rather than relying on third-party production [15].

Core Insights - The company has successfully completed its A+ round of financing, attracting investments from Furan De and Taotao Automotive, marking the third financing update in the past six months [1] - The company aims to leverage the sales channels and operational experience of Taotao Automotive to establish an independent brand in North America, initiating its global commercial expansion [1] Investment and Partnerships - The company has attracted a total of seven listed company investors, including Furan De, Taotao Automotive, Zhaofeng Co., Hanwei Technology, Qiaofeng Intelligent, Keli Sensor, and Weichuang Electric [2] - The strategic partnerships with these companies focus on enhancing various technical aspects of humanoid robots, such as control precision, environmental perception, and manufacturing accuracy [3][4] Product Development - The company has developed two humanoid robot models, the Pioneer K1 and Pioneer K2, with the latter being its fifth-generation product, standing 175 cm tall and weighing 75 kg, capable of working for eight hours on a one-hour charge [6] - The robots are designed for diverse applications, including smart manufacturing, logistics, security patrols, and educational purposes [6] Market Challenges - The company acknowledges multiple challenges in the commercialization of humanoid robots, including insufficient scene adaptability, high cost control difficulties, fragmented channel networks, and the lack of unified global market standards [6][7] - The company aims to build a "technology-channel-market" integrated approach to develop customized application solutions tailored to different regional markets [7]

Core Viewpoint - The company has adjusted the total amount of cash dividends for the 2024 fiscal year-end from 73,776,237.15 yuan to 73,637,412.15 yuan due to share repurchases affecting the number of shares eligible for profit distribution [1][3]. Summary by Sections Adjustment Details - The cash dividend per share remains unchanged at 0.15 yuan (tax included) [1]. - The adjustment in total cash dividends is a result of the company repurchasing shares, which led to a decrease in the number of shares participating in the profit distribution [1][3]. Pre-Adjustment Profit Distribution Plan - The initial profit distribution plan proposed a cash dividend of 1.50 yuan (tax included) for every 10 shares, based on a total share capital of 492,829,181 shares [1]. - After accounting for 987,600 shares in the repurchase account, the number of shares eligible for distribution was 491,841,581 [1]. Post-Adjustment Profit Distribution Plan - Following the adjustments, the total cash dividend amount is now set at 73,637,412.15 yuan (tax included), based on the same per-share distribution ratio [3]. - The company will not convert capital reserves into additional shares or issue bonus shares as part of this profit distribution [1].

证券代码：605050 证券简称：福然德 公告编号：2025-030 福然德股份有限公司 关于调整 2024 年期末利润分配现金分红总额的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担相应法律责任。 重要内容提示： 调整情况：每股拟派发现金红利 0.15 元（含税）不变，拟派发现金红利 总额由 73,776,237.15 元（含税）调整为 73,637,412.15 元（含税）。 三、调整后 2024 年期末利润分配预案的内容 综上所述，按照公司每股分配比例不变的原则，截至本公告日，公司以总股 本 492,829,181 股 剔 除 公 司 回 购 专 用 证 券 账 户 股 份 1,913,100 股 后 的 490,916,081 股为基数测算，向全体股东每 10 股派发现金红利 1.5 元(含税)， 本次合计将派发现金红利总额为 73,637,412.15 元（含税），具体以权益分派实 施结果为准。 特此公告。 福然德股份有限公司 本次调整原因：在实施权益分派股权登记日前，福然德股份有限公司（以 下简称"公司"）因回购股份导 ...

关于以集中竞价交易方式回购公司股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 回购方案首次披露日 | 2024 年 25 | 12 | 月 | 日 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 24 2025 | 12 | 月 | 日至 | 年 | 12 | 月 23 日 | | 预计回购金额 | 4,000 万元~8,000 | | | 万元 | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | 累计已回购数量 | 181.96 万股 | | | | | | | | 累计已回购股份数占总股本比例 | 0.3692% | | | | | | | | 累计已回购金额 | 2,053.9373 万元 | | | | | | | | 实际回购价格区间 | 8.97 ...

Summary of Key Points Core Viewpoint - On June 18, a total of 57 stocks appeared on the block trading platform, with a cumulative trading volume of 0.38 billion shares and a total transaction value of 6.68 billion yuan, indicating active trading in the market [1]. Group 1: Trading Activity - The highest transaction value was recorded for Hengli Petrochemical, with three trades totaling 0.41 billion yuan [1]. - Jinkong Coal Industry followed closely with one trade amounting to 0.39 billion yuan [1]. - A total of 20 stocks had transaction values exceeding 10 million yuan, reflecting significant interest from investors [1]. Group 2: Stock Performance - Hengli Petrochemical (600346) experienced a slight decline of 0.94% with a closing price of 14.73 yuan and a transaction price of 14.40 yuan, showing a discount of 2.24% [1]. - Jinkong Coal Industry (601001) also saw a decrease of 0.66%, closing at 11.96 yuan, with no discount on the transaction price [1]. - Yuyue Medical (002223) had a minor decline of 0.31%, closing at 35.34 yuan, but the transaction price was at a premium of 9.99% [1]. Group 3: Notable Stocks - Transsion Holdings (688036) had a notable increase of 6.03%, closing at 80.56 yuan, with a transaction price slightly above the closing price [1]. - Other stocks like Meichang Co. (300861) and Fuchuang Precision (688409) showed mixed performance, with slight declines and modest increases, respectively [1]. - Guizhou Moutai (600519) remained stable with a minor decline of 0.14%, maintaining a high closing price of 1425.00 yuan [1].