WBTL(SH:603596) Zheng Quan Zhi Xing·2025-06-10 10:39Summary of Key Points Core Viewpoint - The company, Wuhu Berteli Automotive Safety Systems Co., Ltd., is planning a differentiated equity distribution for the fiscal year 2024, proposing a cash dividend of 0.35 RMB per share to all shareholders, which represents 17.51% of the net profit attributable to shareholders [1][3]. Group 1: Equity Distribution Plan - The total share capital of the company is 606,510,820 shares, with 1,800,000 shares in the repurchase account not participating in the distribution, resulting in 604,710,820 shares eligible for the dividend [1][2]. - The total cash dividend distribution amounts to 211,648,787 RMB, which is 17.51% of the net profit attributable to shareholders of 1,208,851,302.79 RMB for the year [1][3]. Group 2: Special Ex-Dividend Treatment - The company plans to maintain the per-share distribution ratio unchanged despite potential changes in total share capital due to convertible bonds, share buybacks, or other corporate actions [2]. - The reference price for ex-dividend trading is calculated based on the formula: (previous closing price - cash dividend) + (new share price × change in circulating shares) / (1 + change in circulating shares) [2][3]. Group 3: Impact on Share Price - The closing price on the day before the issuance of the review opinion was 56.40 RMB per share, leading to an ex-dividend reference price of approximately 56.05 RMB per share after accounting for the cash dividend [3][4]. - The impact of the differentiated equity distribution on the ex-dividend reference price is minimal, with an absolute value change of less than 1% [4]. Group 4: Compliance and Verification - The sponsoring institution, China International Capital Corporation, confirms that the differentiated equity distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [4].