Xinjiang Tianrun Dairy (SH:600419) Zheng Quan Zhi Xing·2025-06-22 08:30Core Viewpoint - The company Xinjiang Tianrun Dairy Co., Ltd. is implementing a differentiated dividend distribution plan for the year 2024, which involves cash dividends and excludes stock dividends or capital reserve transfers [1][2]. Group 1: Reasons for Differentiated Dividend - The company approved a share repurchase plan on February 23, 2022, to buy back shares for employee stock ownership plans or equity incentives, repurchasing a total of 4,799,955 shares, which is 1.50% of the total share capital at that time [1]. - The total amount spent on the share repurchase was approximately RMB 61.33 million, with a repurchase price range between RMB 11.78 and RMB 13.50 per share [1]. Group 2: Differentiated Dividend Plan - The company plans to distribute a cash dividend of RMB 0.21 per 10 shares (including tax) to all shareholders, resulting in a total cash dividend distribution of approximately RMB 6.62 million after excluding the shares held in the repurchase account [2]. - The total share capital as of April 17, 2025, is 320,190,246 shares, and the shares in the repurchase account do not have rights to profit distribution [2]. Group 3: Calculation Basis for Differentiated Dividend - The actual participating share capital for the dividend distribution is 315,403,648 shares after deducting the repurchased shares [3]. - The reference price for ex-dividend trading is calculated based on the previous closing price minus the cash dividend, with no change in circulating shares due to the nature of the dividend [3][5]. Group 4: Sponsor's Verification Opinion - The sponsor, CITIC Securities, confirms that the differentiated dividend distribution complies with relevant laws and regulations, and does not harm the interests of the listed company or all shareholders [4].