Qingdao Gaoce(SH:688556) Zheng Quan Zhi Xing·2025-07-11 16:26Core Viewpoint - Qingdao High Test Technology Co., Ltd. has established a three-year dividend return plan for 2025-2027 to ensure reasonable returns for shareholders and enhance transparency in profit distribution decisions [1][2]. Group 1: Factors Considered in the Dividend Plan - The company focuses on long-term sustainable development, analyzing operational performance, shareholder expectations, social capital costs, and external financing environments to create a stable return mechanism for investors [1]. - The plan aims to maintain continuity and stability in profit distribution policies [1]. Group 2: Principles of the Dividend Plan - The company emphasizes reasonable returns for shareholders and a stable profit distribution policy, ensuring that distributions do not exceed cumulative distributable profits and do not harm the company's ongoing operations [2]. - The board and shareholders will consider the opinions of independent directors and public investors during the decision-making process [2]. Group 3: Specific Dividend Return Plan for 2025-2027 - The company may distribute profits in cash, stock, or a combination of both, prioritizing cash dividends [2]. - Cash dividends will be distributed if the company is profitable and if major investment plans or cash expenditures do not exceed 30% of the latest audited net assets within the next twelve months [2]. - The company plans to distribute at least 30% of the average distributable profits over the three years in cash [2]. Group 4: Differentiated Cash Dividend Policy - The board will consider industry characteristics, development stages, operational models, and significant capital expenditures to propose differentiated cash dividend policies [3]. - Minimum cash dividend ratios are set at 80%, 40%, and 20% for different scenarios [3]. Group 5: Conditions for Stock Dividend Distribution - The company may issue stock dividends based on distributable profits, reserves, and cash flow, ensuring sufficient cash dividends and reasonable capital structure [3]. Group 6: Decision Mechanism and Procedures for Profit Distribution - The company will carefully study the timing, conditions, and minimum ratios for cash dividends, ensuring independent opinions are considered [3]. - The board must disclose any independent directors' opinions not fully adopted in the decision-making process [3]. Group 7: Adjustments to Profit Distribution Policy - Adjustments to the profit distribution policy may occur due to force majeure or significant changes in operational conditions, requiring a two-thirds majority approval from shareholders [4]. - The company must disclose reasons for not proposing cash dividends in regular reports [4]. Group 8: Review Cycle for Dividend Return Planning - The board will review the dividend return plan at least every three years based on profit distribution policies and actual company conditions [5]. Group 9: Miscellaneous - The plan will be executed in accordance with relevant laws, regulations, and the company's articles of association [5].