DEPPON(SH:603056) Zheng Quan Zhi Xing·2025-05-09 09:23Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) scheduled for May 16, 2025, to discuss various proposals including financial reports, profit distribution, and share buyback plans [2][4][10]. Meeting Procedures - The meeting will follow specific procedures to ensure order and efficiency, including rules for participation and speaking time for shareholders [1]. - The agenda includes the introduction of shareholders, voting on various proposals, and the announcement of results [3]. Financial Reports - The company will present its 2024 Annual Report and its summary, which have been disclosed on the Shanghai Stock Exchange website [2][4]. - The 2024 financial statements have been audited by Deloitte, confirming their accuracy [5]. Profit Distribution - The company plans to distribute a cash dividend of 0.144 RMB per share, totaling approximately 146.85 million RMB, which represents 17.06% of the net profit attributable to shareholders [6][7]. Share Buyback Plan - The company proposes a share buyback plan with a total budget between 75 million RMB and 150 million RMB, aimed at enhancing shareholder value and reducing registered capital [10][11]. - The buyback will occur through centralized bidding on the Shanghai Stock Exchange, with a maximum price of 16.00 RMB per share [11][12]. Bank Credit and Guarantees - The company intends to apply for a bank credit limit of up to 12 billion RMB for its operational needs in 2025 [8]. - It also plans to provide guarantees not exceeding 700 million RMB for its subsidiaries, including those with high asset-liability ratios [8]. Insurance for Executives - The company aims to purchase liability insurance for its directors, supervisors, and senior management to mitigate operational risks [9]. Authorization for Management - The company seeks authorization from shareholders to allow management to handle the specifics of the share buyback and other financial matters [12][13].