YTO(SH:600233) Zheng Quan Zhi Xing·2025-06-10 10:51Core Viewpoint - The legal opinion letter confirms that YTO Express Co., Ltd.'s differentiated equity distribution plan for the year 2024 complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [5]. Group 1: Differentiated Equity Distribution - The differentiated equity distribution is necessitated by the company's share repurchase plan, which resulted in a discrepancy between the total share capital and the shares eligible for distribution [4]. - The company plans to distribute cash dividends to all shareholders based on the total share capital minus the shares held in the repurchase account, with a proposed distribution of cash dividends of 0.36 yuan per share [4][5]. - The total share capital as of May 26, 2025, is reported to be 3,446,753,438 shares, after deducting the repurchased shares [4]. Group 2: Legal Compliance and Verification - The law firm asserts that the legal opinion is based on accurate and complete information provided by the company, and it has conducted thorough verification to ensure the facts are true and lawful [2][3]. - The opinion letter states that the differentiated equity distribution meets the criteria of not distributing profits to repurchased shares and that the impact on the reference price for ex-rights and ex-dividends is negligible, being less than 1% [5]. - The legal opinion is intended solely for the purpose of the differentiated equity distribution and cannot be used for any other purpose [3].