Zhongtai Securities(SH:600918) Zheng Quan Zhi Xing·2025-06-16 13:16Core Viewpoint - The company, Wuxi Xinjie Electric Co., Ltd., is implementing a differentiated dividend distribution for the fiscal year 2024, which involves a cash dividend of 0.87 RMB per share for shareholders, excluding shares repurchased for employee stock ownership plans [1][2][4]. Group 1: Reasons for Differentiated Dividend - The differentiated dividend is a result of the company's share repurchase plan, which allows for the repurchased shares to not participate in profit distribution [1][2]. - The company plans to repurchase shares using its own funds, with a total repurchase amount between 25 million RMB and 40 million RMB, at a price not exceeding 56.73 RMB per share [1][2]. Group 2: Dividend Distribution Plan - The total share capital for the dividend distribution is 157,138,633 shares, with 272,443 shares repurchased and excluded from the distribution, resulting in a base of 156,866,190 shares for the cash dividend calculation [2][3]. - The total cash dividend to be distributed amounts to approximately 136,473,585.30 RMB [2][3]. Group 3: Calculation Basis for Differentiated Dividend - The ex-dividend reference price is calculated based on the formula: (previous closing price - cash dividend per share) / (1 + change in circulating shares ratio) [3]. - The actual cash dividend received by participating shareholders is 0.87 RMB per share, leading to an ex-dividend reference price of 61.04 RMB per share [3][4]. Group 4: Sponsor Institution's Review Opinion - The sponsor institution, Zhongtai Securities, has reviewed the differentiated dividend matter and found no violations of relevant laws and regulations, confirming that it does not harm the interests of the company or its shareholders [4].