M&G(603899) 证券之星·2025-05-12 11:32Core Viewpoint - The legal opinion letter regarding the differentiated equity distribution of Shanghai Chenguang Stationery Co., Ltd. confirms that the company's actions comply with relevant laws and regulations, ensuring that the distribution does not harm the interests of the company and its shareholders [5][9]. Group 1: Differentiated Equity Distribution - The differentiated equity distribution is based on the company's decision to repurchase shares for employee stock ownership plans, as approved in the board meeting on October 28, 2022 [6][7]. - The company completed the repurchase of 2,858,303 shares, accounting for 0.31% of the total share capital, and later repurchased an additional 5,175,000 shares, representing 0.56% of the total share capital [6][7]. - The total share capital for the distribution is 915,795,377 shares after excluding shares held in the repurchase account, which do not participate in profit distribution [7][8]. Group 2: Legal Compliance and Impact - The legal opinion asserts that the differentiated equity distribution adheres to the Company Law, Securities Law, and relevant self-regulatory guidelines, with minimal impact on the stock's ex-rights and ex-dividend reference price [9]. - The cash dividend distribution amounts to 915,795,377.00 yuan (including tax), with a cash dividend of 1 yuan per share [8][9]. - The calculated ex-rights and ex-dividend reference price is approximately 28.87 yuan per share, reflecting a negligible impact of 0.0301% on the stock price [9].