GONGNIU(SH:603195) Zheng Quan Zhi Xing·2025-05-30 10:37Core Viewpoint - The company is implementing a differentiated dividend distribution plan based on its share repurchase program, which aligns with relevant laws and regulations [1][6][7] Group 1: Reasons for Differentiated Dividend Distribution - The board of directors approved a share repurchase plan to use the repurchased shares for employee stock incentive plans and employee shareholding plans, with a total of 3,925,383 shares repurchased by June 25, 2024 [2][3] - The remaining shares in the repurchase account are not entitled to voting rights or profit distribution, which allows for the differentiated dividend distribution for the fiscal year 2024 [3][4] Group 2: Dividend Distribution Plan - The company plans to distribute a cash dividend of 2.40 yuan per share (tax included) and a capital reserve conversion of 0.40 shares per share to all shareholders, based on a total share capital of 1,292,158,890 shares [4][5] - The total cash dividend to be distributed amounts to approximately 3,101,181,160.80 yuan (tax included) [4] Group 3: Ex-Dividend Calculation - The ex-dividend reference price is calculated using the formula: (previous closing price - cash dividend) / (1 + change in circulating shares ratio) [5] - The calculated ex-dividend reference price based on the closing price of 72.95 yuan per share is approximately 50.39 yuan [5][6] Group 4: Compliance and Conclusion - The differentiated dividend distribution complies with the Company Law, Securities Law, and relevant self-regulatory guidelines, ensuring no harm to the interests of the company and all shareholders [6][7]