HST(SH:600817) Zheng Quan Zhi Xing·2025-08-12 16:13Core Viewpoint - The legal opinion letter regarding the differentiated dividend distribution of Yutong Heavy Industry Co., Ltd. confirms that the proposed distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [4][9]. Group 1: Differentiated Dividend Distribution - The company plans to implement a differentiated dividend distribution for the fiscal year 2024, which was approved during the second extraordinary general meeting of shareholders held on July 19, 2024 [5]. - The total net profit attributable to the parent company for 2024 is reported to be approximately 227.08 million yuan, with distributable profits amounting to about 161.86 million yuan as of December 31, 2024 [5]. - The proposed cash dividend is set at 2.8 yuan per 10 shares (including tax), totaling approximately 148.54 million yuan (including tax) [5][6]. Group 2: Calculation Basis for Dividend Distribution - As of July 23, 2025, the total share capital is 533.30 million shares, with 570,000 shares pending repurchase, resulting in 532.73 million shares eligible for distribution [6]. - The actual cash dividend per share is calculated to be approximately 0.28 yuan, with the reference price for ex-dividend trading set at approximately 12.20 yuan per share [7][8]. - The impact of the differentiated dividend on the ex-dividend reference price is minimal, estimated at about 0.002%, which is less than 1% [9]. Group 3: Legal Compliance and Conclusion - The differentiated dividend distribution is deemed compliant with the Company Law, Securities Law, and relevant self-regulatory guidelines, ensuring no detriment to the company or its shareholders [9]. - The legal opinion letter is effective upon signature and seal by the law firm, confirming the validity of the proposed actions [4].