WOTE(SZ:002886) Zheng Quan Zhi Xing·2025-08-01 16:35Core Viewpoint - Shenzhen Water New Materials Co., Ltd. has established a shareholder return plan for the next three years (2025-2027) to enhance shareholder awareness and ensure stable returns for investors [1][2]. Group 1: Considerations for the Plan - The plan considers the company's industry, development stage, actual situation, future profit scale, cash flow, investment needs, and external financing environment to create a sustainable and stable return mechanism for investors [1]. - The company aims to balance short-term and long-term returns for investors while ensuring the continuity and stability of its dividend distribution policy [1]. Group 2: Principles of the Plan - The company prioritizes cash dividends over stock dividends and emphasizes the importance of protecting investors' rights [2]. - The plan includes provisions for listening to independent directors and minority shareholders to maintain a balance between capital expansion and performance growth [1][2]. Group 3: Specific Return Plan for 2025-2027 - The company plans to distribute profits primarily through cash dividends, with a minimum cash distribution of 20% of the distributable profits each year [2][3]. - The company will conduct annual profit distributions, with the possibility of mid-term cash dividends based on profitability and funding needs [2]. Group 4: Conditions for Cash and Stock Dividends - Cash dividends will be implemented if the company meets specific conditions, including a minimum cash dividend ratio of 80%, 40%, or 20% based on the company's financial situation [3][4]. - If the company does not meet the conditions for cash dividends, it may opt for stock dividends if deemed beneficial for all shareholders [3]. Group 5: Decision-Making and Supervision Mechanism - The board of directors will formulate the profit distribution plan based on the company's profit, cash flow, and future development plans [4][5]. - Independent directors can gather opinions from minority shareholders and propose dividend plans to the board [4]. - The profit distribution proposal must be approved by the board and then submitted to the shareholders' meeting for approval [5]. Group 6: Other Matters - The plan will take effect upon approval by the shareholders' meeting and will be subject to relevant laws and regulations [5]. - The board of directors is responsible for interpreting the plan [5].