LZRJ(SH:688588) Shang Hai Zheng Quan Bao·2025-07-01 20:29Core Viewpoint - The company announced a differentiated cash dividend distribution plan for the fiscal year 2024, with a cash dividend of 0.20 RMB per share, approved at the annual shareholders' meeting on May 19, 2025 [1][3]. Dividend Distribution Plan - The dividend distribution is for the fiscal year 2024, targeting all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration date [2]. - The total number of shares eligible for the cash dividend is 386,260,003 shares, after excluding 13,750,000 shares held in the company's repurchase account [3]. - The total cash dividend to be distributed amounts to approximately 77.25 million RMB (including tax) [3]. Ex-Dividend Reference Price - The ex-dividend reference price will be calculated as the previous closing price minus the cash dividend of approximately 0.1931 RMB per share, as there will be no changes in the number of circulating shares [4][5]. Implementation Details - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, with shareholders who have completed designated trading able to receive their dividends on the payment date [6]. - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, while those holding for one year or less will have taxes calculated upon the sale of shares [7][8]. Share Buyback Progress - The company initiated a share buyback program on September 5, 2024, with a budget of 30 million to 50 million RMB, and a maximum buyback price of 9.6 RMB per share [10]. - The buyback price cap was later adjusted to 21 RMB per share, with the funding source changed to include self-raised funds [11]. - As of June 30, 2025, the company had repurchased a total of 3,750,000 shares, representing 0.9375% of the total share capital, with a total expenditure of approximately 49.70 million RMB [12].