Core Viewpoint - The company has established a three-year shareholder dividend return plan for 2025-2027 to enhance profit distribution transparency and ensure stable returns for investors [1][2]. Group 1: Principles and Considerations - The plan is based on sustainable development and the protection of shareholder rights, prioritizing cash dividends [1]. - Factors considered in the plan include current and future profit scale, cash flow, investment needs, and external financing environment [1][2]. Group 2: Dividend Distribution Policy - The company will distribute dividends based on a specified proportion of the annual distributable profit, ensuring a minimum cash dividend of 10% of the distributable profit each year [2][4]. - In cases of significant capital expenditures, the cash dividend proportion must be at least 20%, with a cumulative cash distribution over three years not less than 30% of the average annual distributable profit [2][4]. Group 3: Differentiated Cash Dividend Proposals - The board will consider industry characteristics, development stage, and major capital expenditures when proposing cash dividend plans [3]. - For mature companies without major expenditures, the cash dividend proportion should be at least 80%, while it should be at least 40% if there are significant expenditures [4]. Group 4: Review and Adjustment Procedures - The board must discuss and evaluate the reasonableness of the dividend proposal, including timing and conditions, before submitting it to the shareholders' meeting [5]. - Any changes to the profit distribution policy must prioritize shareholder interests and be approved by the board and independent directors before being presented to the shareholders [6][7]. Group 5: Monitoring and Compliance - The company’s profit distribution must not exceed the cumulative distributable profit, and any non-distribution must be justified [6][7]. - The company will review the shareholder return plan at least every three years and make necessary adjustments based on current profit distribution policies [7].
双乐股份: 未来三年股东分红回报规划（2025年-2027年）