PRCO(SZ:002225) Shang Hai Zheng Quan Bao·2025-07-03 19:49Core Viewpoint - The company, Puyang Pina High Temperature Materials (Group) Co., Ltd., has announced its 2024 annual equity distribution plan, which includes a cash dividend of 0.50 yuan per 10 shares, totaling approximately 49.86 million yuan, to be distributed to shareholders [2][7][20]. Equity Distribution Plan - The total share capital of the company is 1,010,436,311 shares, from which 13,229,687 shares that have been repurchased are excluded, resulting in a base total of 997,206,624 shares for the dividend distribution [2][7]. - The cash dividend of 0.50 yuan per 10 shares is inclusive of tax, with a total cash distribution amounting to 49,860,331.20 yuan [2][7]. - The distribution will not include stock dividends or capital reserves for stock increases [2][7]. Implementation Details - The equity distribution plan was approved at the shareholders' meeting held on May 14, 2025, and the implementation will occur within two months of this approval [4][5]. - The record date for shareholders entitled to the dividend is set for July 10, 2025, with the dividend payment date on July 11, 2025 [9][10]. Adjustments for Convertible Bonds - The company has adjusted the conversion price of its convertible bonds from 4.25 yuan to 4.20 yuan per share, effective from July 11, 2025, due to the cash dividend distribution [18][20]. - The adjustment formula for the conversion price accounts for the cash dividend paid to shareholders [16][20].