Anzheng Fashion(SH:603839) Zheng Quan Zhi Xing·2025-06-25 16:59Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm addresses the differentiated dividend distribution plan for Anzheng Fashion Group Co., Ltd. for the year 2024, confirming its compliance with relevant laws and regulations [1][7]. Group 1: Reasons for Differentiated Dividend - The company has repurchased a total of 6,730,060 shares from March 12, 2019, to February 5, 2020, and an additional 2,018,300 shares from December 2021 to December 2022, which are currently held in a dedicated repurchase account [2][3]. - Due to the remaining shares from the repurchase that were not utilized within the stipulated 36 months, the company plans to change the purpose of these shares from employee stock ownership to cancellation and reduction of registered capital [4]. Group 2: Differentiated Dividend Plan - The company proposes a cash dividend of 1.00 yuan (including tax) for every 10 shares based on the total share capital minus the repurchased shares [5]. - The total share capital as of the date of the legal opinion is 389,034,500 shares, with 3,888,340 shares in the repurchase account, resulting in 385,146,160 shares eligible for the dividend distribution [5]. Group 3: Calculation Basis for Differentiated Dividend - The calculation for the ex-dividend reference price is based on the formula: (previous closing price - cash dividend) ÷ (1 + change in circulating shares ratio) [5][6]. - The actual ex-dividend reference price calculated is 7.30 yuan per share, with a minimal impact on the stock price due to the differentiated dividend distribution [6]. Group 4: Conclusion - The legal opinion concludes that the differentiated dividend distribution complies with the Company Law, Securities Law, and relevant self-regulatory guidelines, ensuring no harm to the interests of the company and its shareholders [7].