Zheng Quan Zhi Xing·2025-06-19 10:46Core Viewpoint - The company, Guangzhou Ruisheng Intelligent Technology Co., Ltd. (瑞松科技), is implementing a differentiated dividend distribution plan for the fiscal year 2024, which is a result of its share repurchase program aimed at employee stock ownership plans and equity incentives [1][2][5]. Summary by Sections Reason for Differentiated Dividend - The board of directors approved a share repurchase plan on May 9, 2022, with a total repurchase fund between RMB 12 million and RMB 15 million [1]. - As of July 19, 2023, the company repurchased 445,980 shares, accounting for approximately 0.66% of the total share capital of 67,360,588 shares [1][2]. Differentiated Dividend Plan - The company plans to distribute a cash dividend of RMB 0.10 per share (before tax) to all shareholders, with a total of 93,918,619 shares eligible for the dividend distribution [3][4]. - The total number of shares after the dividend distribution will increase to 122,370,064 shares, subject to final registration results [2][3]. Calculation Basis and Formula for Differentiated Dividend - The reference price for ex-dividend trading is calculated using the formula: Ex-dividend reference price = (Previous closing price - Cash dividend) / (1 + Change in circulating shares ratio) [2][4]. - The change in circulating shares ratio is determined by the formula: Change in circulating shares ratio = (Total shares participating in distribution × Transfer ratio) / Total shares [2]. Impact of Differentiated Dividend - The actual cash dividend per share is approximately RMB 0.0997, and the change in circulating shares ratio is approximately 0.2991 [3][4]. - The impact of the differentiated dividend on the ex-dividend reference price is less than 1%, indicating minimal effect on the stock price [4][5]. Compliance and Verification - The differentiated dividend distribution complies with relevant laws and regulations, including the Company Law and Securities Law, and does not harm the interests of the company or its shareholders [5][6].