Friend (SH:605050) Zheng Quan Zhi Xing·2025-07-16 09:21Core Viewpoint - The legal opinion letter from Grandall Law Firm (Shanghai) addresses the differentiated dividend distribution plan of Furande Co., Ltd. for the end of 2024, confirming its compliance with relevant laws and regulations [1][5]. Group 1: Differentiated Dividend Distribution - The differentiated dividend distribution is based on the total share capital as of the record date, proposing a cash dividend of 1.50 RMB per 10 shares (before tax) [3][4]. - The company will not issue bonus shares or convert capital reserves into share capital as part of this distribution [3][4]. Group 2: Share Buyback and Rights - Shares repurchased by the company will not participate in the profit distribution, as they do not hold voting rights or rights to dividends [2][4]. - As of July 2, 2025, the company has repurchased a total of 1,913,100 shares, which will be excluded from the dividend distribution [3][4]. Group 3: Calculation Basis for Dividend - The calculation for the differentiated dividend distribution is based on the total shares minus the repurchased shares, ensuring compliance with the Shanghai Stock Exchange regulations [4][5]. - The impact of the differentiated dividend on the ex-dividend reference price is minimal, with an absolute value impact of less than 1% [5]. Group 4: Legal Compliance - The differentiated dividend distribution plan meets the requirements of the Company Law, Securities Law, and relevant regulations, ensuring no harm to the interests of the company and its shareholders [5].