DAFENG INDUSTRY(SH:603081) Zheng Quan Zhi Xing·2025-07-10 16:22Core Viewpoint - Zhejiang Dafeng Industrial Co., Ltd. plans to implement a differentiated cash dividend of RMB 1.3 per 10 shares for the fiscal year 2024, based on a net profit of RMB 64,608,123.83, with total cash dividends amounting to RMB 54,924,889.37 after accounting for repurchased shares [4][6][8]. Group 1: Legal Framework and Compliance - The legal opinion is based on various laws and regulations, including the Company Law, Securities Law, and specific guidelines from the Shanghai Stock Exchange [1][2][4]. - The law firm confirms that all documents provided by the company are accurate and complete, ensuring the legality and compliance of the differentiated dividend distribution [2][3][4]. Group 2: Dividend Distribution Details - The company intends to distribute cash dividends totaling RMB 55,332,127.37, which will be adjusted to RMB 54,924,889.37 due to changes in total share capital from stock repurchases [4][6][7]. - The cash dividend represents 85.01% of the net profit attributable to shareholders for the fiscal year 2024 [5][7]. Group 3: Calculation Methodology - The calculation for the ex-dividend reference price is based on the formula that considers the cash dividend and the change in circulating shares, which is zero in this case as only cash dividends are distributed [6][8]. - The actual ex-dividend reference price is calculated to be RMB 10.06 per share, with minimal impact on the reference price due to the differentiated dividend distribution [8]. Group 4: Conclusion - The law firm concludes that the differentiated dividend distribution complies with all relevant laws and regulations, and does not harm the interests of the company or its shareholders [4][9].