KPA(SH:688681) Zheng Quan Zhi Xing·2025-06-06 09:31Core Viewpoint - The legal opinion letter addresses the differentiated dividend distribution plan of Shandong Kehui Power Automation Co., Ltd. for the year 2024, confirming its compliance with relevant laws and regulations [2][5][8]. Group 1: Reasons for Differentiated Dividend - The company approved a share repurchase plan on February 5, 2024, to enhance shareholder returns, with a repurchase price not exceeding RMB 17.14 per share and a total repurchase fund between RMB 10 million and RMB 20 million [3][4]. - The repurchased shares will be used for employee stock ownership plans and/or equity incentive plans, and the repurchase period is set for six months from the board's approval date [3][4]. Group 2: Dividend Distribution Plan - The company plans to distribute a cash dividend of RMB 0.10 per share (tax included) to all shareholders, with a total distribution amounting to RMB 10,340,000 based on the adjusted share capital [5][6]. - The total undistributed profits as of December 31, 2024, amount to RMB 220,110,316.84, and the dividend distribution represents 50.86% of the net profit attributable to shareholders [5][6]. Group 3: Ex-Dividend and Ex-Interest Calculation - The shares held in the repurchase account will not participate in the profit distribution, affecting the total shares eligible for dividend distribution [6][7]. - The reference price for the ex-dividend date is calculated based on the previous closing price adjusted for the cash dividend, with the impact of the differentiated dividend on the reference price being less than 1% [7][8]. Group 4: Legal Compliance - The legal opinion concludes that the differentiated dividend distribution complies with the Company Law, Securities Law, and relevant regulations, ensuring no harm to the interests of the company and its shareholders [8].