HTDC(SH:601188) Zheng Quan Zhi Xing·2025-07-17 16:25Core Viewpoint - The legal opinion letter regarding the differentiated equity distribution of Heilongjiang Transportation Development Co., Ltd. confirms that the distribution plan complies with relevant laws and regulations, ensuring no harm to the company and all shareholders' interests [10]. Group 1: Background and Legal Framework - Heilongjiang Transportation Development Co., Ltd. commissioned a legal opinion based on the Company Law, Securities Law, and relevant regulations regarding the differentiated equity distribution for the 2024 profit allocation [2][4]. - The company held a board meeting on October 27, 2021, where it approved a share repurchase plan, allowing for the repurchase of up to 11 million shares within 12 months [5][6]. Group 2: Differentiated Equity Distribution Plan - As of June 30, 2025, the company repurchased a total of 10,408,656 shares, representing 0.79% of the total share capital, which affects the profit distribution base [6][7]. - The profit distribution plan states that for every 10 shares held, a cash dividend of 0.071 yuan will be distributed, based on the adjusted number of shares eligible for profit distribution [7][8]. Group 3: Calculation and Impact - The reference price for the ex-rights and ex-dividend calculation is determined by subtracting the cash dividend from the previous closing price, resulting in an adjusted price of approximately 3.439 yuan per share [8][9]. - The impact of the differentiated equity distribution on the reference price is minimal, with an absolute change of less than 1% [9]. Group 4: Conclusion - The legal opinion concludes that the differentiated equity distribution is in accordance with the Company Law, Securities Law, and other relevant regulations, ensuring the protection of shareholder interests [10].