AEOLUS(SH:600469) Zheng Quan Zhi Xing·2025-07-16 10:19Core Viewpoint - The company has established a shareholder return plan for the next three years (2025-2027) to ensure a scientific, sustainable, and stable dividend decision-making and supervision mechanism, aiming to actively return to investors and promote long-term and rational investment concepts [1][2]. Group 1: Considerations and Principles - The plan considers long-term sustainable development, profitability, operational development plans, shareholder returns, social capital costs, and external financing environments [1]. - The company aims to balance short-term interests and long-term development while prioritizing cash dividends for profit distribution [2]. Group 2: Specifics of the Shareholder Return Plan - The company can distribute dividends in cash, stock, or a combination of both, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash [2][3]. - Annual dividends are generally conducted, and under certain conditions, mid-term profit distributions can be approved at the annual shareholders' meeting [2]. Group 3: Conditions for Cash Dividends - Cash dividends will be distributed when the company is profitable and has positive undistributed profits, with exceptions for significant cash expenditures exceeding 30% of the latest audited net assets [3]. - The board may propose stock dividends if it believes that the stock price does not match the company's capital scale and that it benefits all shareholders [3]. Group 4: Decision-Making Procedures - The annual profit distribution plan is proposed by the general manager and submitted to the board for review, with independent directors having the right to express opinions if they believe the plan may harm the company or minority shareholders [4]. - The board must communicate with shareholders, especially minority shareholders, to gather their opinions and address their concerns [4]. Group 5: Adjustment Mechanism - The profit distribution policy can be adjusted in response to force majeure events or significant changes in the external operating environment [4]. - Any adjustments must be thoroughly discussed by the board, considering minority shareholders' opinions, and submitted for special resolution at the shareholders' meeting [4]. Group 6: Cash Dividend Policy Goals - The company's cash dividend policy aims for residual dividends, with specific conditions under which profit distribution may not occur, such as negative operating cash flow or high asset-liability ratios [5].