Zhejiang Shuangyuan Technology (SH:688623) Zheng Quan Zhi Xing·2025-06-17 09:20Core Viewpoint - The company, Zhejiang Shuangyuan Technology Co., Ltd., is implementing a differentiated dividend distribution plan for the year 2024, which includes a cash dividend of 10.72 RMB per 10 shares for shareholders, while shares repurchased will not participate in profit distribution [1][3][5]. Group 1: Differentiated Dividend Reasons - The company approved a share repurchase plan using excess funds from its initial public offering, with a total repurchase amount between 30 million RMB and 50 million RMB, at a maximum price of 93.54 RMB per share [1]. - The repurchase is intended for employee stock ownership plans or equity incentives, with a repurchase period of 12 months from the board's approval date [1]. Group 2: Adjustments to Repurchase Price - The maximum repurchase price was adjusted to 91.96 RMB per share following the implementation of the 2023 annual equity distribution, and further adjusted to 91.70 RMB per share after the 2024 semi-annual equity distribution [2]. Group 3: Dividend Distribution Plan - The company plans to distribute a total cash dividend of approximately 62.82 million RMB (including tax) based on the adjusted total share capital of 58,598,704 shares after accounting for repurchased shares [3]. - The distribution will not include stock dividends or capital reserve transfers, maintaining the total distribution amount even if the total share capital changes before the equity registration date [3]. Group 4: Calculation of Ex-Dividend Price - The ex-dividend reference price is calculated based on the formula: (previous closing price - cash dividend) / (1 + change in circulating shares ratio), with the circulating shares ratio being 0 due to no changes in circulating shares [4][5]. - The actual cash dividend per share is 1.072 RMB, leading to an ex-dividend reference price of approximately 60.4880 RMB per share [5]. Group 5: Compliance and Verification - The differentiated dividend distribution complies with relevant laws and regulations, ensuring that repurchased shares do not participate in the distribution and that the impact on the ex-dividend reference price is minimal, below 1% [3][5]. - The sponsor institution has verified that the differentiated dividend distribution does not harm the interests of the company and its shareholders [5].