ELLASSAY(SH:603808) Zheng Quan Zhi Xing·2025-07-07 16:06Core Viewpoint - The legal opinion letter issued by Beijing Zhonglun (Shenzhen) Law Firm confirms that the differentiated equity distribution plan of Shenzhen Geleisi Apparel Co., Ltd. complies with relevant laws and regulations, ensuring no harm to the company and its shareholders [7][8]. Group 1: Differentiated Equity Distribution - The differentiated equity distribution is based on the decision made during the 13th temporary meeting of the fourth board of directors on April 29, 2022, which approved a share repurchase plan to use self-owned funds for repurchasing public shares for employee stock ownership plans or equity incentives [4]. - As of the date of the legal opinion, the company has repurchased 5,359,645 shares, which will not participate in profit distribution for the 2024 fiscal year [4][5]. - The total share capital for profit distribution is 369,092,878 shares, from which the repurchased shares are deducted, resulting in a base of 363,733,233 shares for the cash dividend distribution of 0.05000 yuan per share, totaling 18,186,661.65 yuan [4][5]. Group 2: Calculation Basis for Distribution - The calculation for the ex-rights and ex-dividend reference price is based on the formula: Ex-rights (dividend) reference price = (Previous closing price - Cash dividend) ÷ (1 + Change in circulating shares ratio) [5]. - The virtual cash dividend is calculated as (Total shares participating in distribution × Actual cash dividend per share) ÷ Total share capital, resulting in approximately 0.04927 yuan per share [5][6]. - The impact on the ex-rights and ex-dividend reference price is minimal, with the calculated reference price being 7.55073 yuan per share after adjustments [6].