联翔股份: 上海市方达律师事务所关于浙江联翔智能家居股份有限公司2024年度差异化分红事项之法律意见书

Core Viewpoint - The legal opinion letter issued by Fangda Partners regarding Zhejiang Lianxiang Intelligent Home Co., Ltd. focuses on the differentiated profit distribution plan for the year 2024, specifically addressing the special ex-rights and ex-dividend treatment related to this distribution [1][2][10] Group 1: Legal Framework and Verification - The legal opinion is based on the Securities Law of the People's Republic of China, the Shanghai Stock Exchange trading rules, and the company's articles of association [2] - The law firm conducted necessary verification of documents provided by the company and confirmed the authenticity and legality of the materials [2][3] - The opinion does not cover accounting, auditing, asset evaluation, or investment decisions, as the law firm does not possess the qualifications to comment on these matters [3][4] Group 2: Differentiated Dividend Plan - The differentiated dividend plan is a result of the company's share repurchase program, which aims to use repurchased shares for employee stock ownership plans and/or equity incentives [5] - The total amount for the share repurchase is set between RMB 25 million and RMB 50 million, with a maximum repurchase price of RMB 23.82 per share [5] - As of November 2024, the company had repurchased a total of 3,332,153 shares, which are held in a dedicated repurchase account [5][6] Group 3: Dividend Distribution Details - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares (including tax) to all shareholders, excluding shares held in the repurchase account [7] - The total number of shares issued by the company is 103,627,000, with 4,484,912 shares held in the repurchase account, affecting the dividend distribution [7][8] - The ex-rights and ex-dividend reference price is calculated to be RMB 16.18 per share, with minimal impact on the stock price [8][9] Group 4: Conclusion - The law firm concludes that the differentiated dividend distribution does not violate relevant laws and regulations and does not harm the interests of the company or its shareholders [9][10]