Meinian Onehealth(SZ:002044) Zheng Quan Zhi Xing·2025-07-11 13:13Core Viewpoint - The company has established a three-year shareholder return plan for 2025-2027 to ensure a scientific, sustainable, and stable dividend mechanism, aiming to protect investors' reasonable returns [1][2]. Group 1: Considerations for the Plan - The plan is based on long-term sustainable development, considering factors such as profitability, investment needs, cash flow, shareholder returns, social capital costs, and external financing environment [1]. - The plan emphasizes the importance of listening to shareholders, especially minority shareholders, and ensuring their legal rights while balancing the company's long-term interests [1][2]. Group 2: Specific Content of the Plan - The company may distribute dividends in cash, stock, or a combination of both, prioritizing cash dividends when conditions are met [2]. - Cash dividend conditions include having positive profits and not exceeding certain thresholds for major investments or cash expenditures [2][3]. - Stock dividends can be proposed when the company's operational status is good, and the board believes it benefits all shareholders, provided cash dividend conditions are met [2]. Group 3: Dividend Distribution Principles - The company aims to distribute at least 20% of the distributable profits as cash dividends annually, with adjustments for previous losses [3][5]. - The board will consider industry characteristics, development stages, and significant capital expenditure plans when proposing differentiated cash dividend policies [3][4]. Group 4: Decision-Making Mechanism - The board will review the shareholder return plan every three years and adjust the dividend distribution policy as necessary, based on current profitability, cash flow, and funding needs [5][6]. - The plan requires thorough discussion and approval from the board, supervisory board, and shareholders, ensuring transparency and communication with minority shareholders [5][6]. Group 5: Implementation of the Plan - The company is committed to executing the shareholder return plan effectively, with oversight from the supervisory board to ensure compliance and address any deviations from the proposed dividend policies [6][7].