Rapoo(SZ:002577) Zheng Quan Zhi Xing·2025-06-20 09:37Core Viewpoint - The company has revised its profit distribution policy and established a shareholder return plan for the next three years (2024-2026) to ensure sustainable development and reasonable returns for investors [1][2]. Group 1: Factors Considered in the Plan - The company considers long-term sustainable development, operational planning, profitability, investor returns, funding needs, financing costs, and the financing environment when formulating the shareholder return plan [1]. - The plan aims to create a stable, scientific, and transparent return mechanism for investors, ensuring the continuity and stability of the profit distribution policy [1]. Group 2: Principles of Profit Distribution - The profit distribution plan is developed in compliance with relevant laws and regulations, balancing short-term interests and long-term development based on operational conditions and funding needs [2][3]. - The company will prioritize cash distribution, with the possibility of using stock or a combination of both, and will consider share buybacks as part of the cash distribution [2][3]. Group 3: Conditions for Cash Dividends - Cash dividends will be distributed if the cumulative distributable profits are positive, the financial report receives an unqualified audit opinion, and there are no significant investment plans or cash expenditures exceeding 30% of the latest audited net assets [3][4]. - The company aims to distribute at least 30% of the average annual distributable profits over the last three years as cash dividends [3][4]. Group 4: Decision-Making Process for Profit Distribution - The management and board will propose the profit distribution plan based on the company's financial situation, funding needs, and shareholder return plan, which will then be submitted for shareholder approval [4][5]. - Independent directors can gather opinions from minority shareholders and propose dividend plans, ensuring transparency in the decision-making process [4][5]. Group 5: Differentiated Cash Dividend Policy - The board will consider industry characteristics, development stages, operational models, profitability, and major funding arrangements to propose a differentiated cash dividend policy [6][7]. - For mature companies without significant funding needs, cash dividends should constitute at least 80% of the profit distribution; for those with significant funding needs, at least 40% [6][7]. Group 6: Disclosure Mechanism - The company will disclose profit distribution plans and cash dividend policy execution in annual and semi-annual reports, providing explanations for any unproposed cash dividends [7].