SOPO(SH:600746) Zheng Quan Zhi Xing·2025-08-12 16:23Core Viewpoint - Jiangsu Sop Chemical Co., Ltd. has established a shareholder dividend return plan for the next three years (2025-2027) to enhance its dividend mechanism and protect the rights of minority shareholders while ensuring sustainable development [1][2]. Group 1: Factors Considered in the Plan - The company emphasizes a continuous and stable profit distribution policy, balancing reasonable investor returns with sustainable development [1]. - The plan is based on the company's actual operating conditions and future development needs, aiming to create a systematic arrangement for profit distribution [1]. Group 2: Distribution Principles - The profit distribution should prioritize reasonable returns for investors while ensuring the company's sustainable development [2]. - The distribution policy must maintain continuity and stability, with cash dividends being the preferred method [2]. Group 3: Distribution Conditions - Annual profit distribution is contingent upon positive distributable profits, a standard audit report, and the absence of significant investment plans or cash expenditures that could affect profit distribution [2][3]. - Significant investment plans are defined as expenditures reaching or exceeding 30% of the latest audited net assets or 20% of total assets within the next 12 months [2]. Group 4: Distribution Forms and Cycles - The company may distribute profits in cash, stock, or a combination of both, as permitted by law [2]. - Profit distribution is generally conducted annually, with the possibility of mid-term distributions under certain conditions [2]. Group 5: Cash Dividend Conditions and Proportions - The company aims to distribute at least 10% of the annual distributable profits in cash, with a cumulative cash distribution over three years not less than 30% of the average annual distributable profits [3]. - Cash dividends will be prioritized, with stock dividends considered based on profitability and cash flow [3]. Group 6: Decision-Making Process and Mechanism - The board of directors must consider industry characteristics, development stages, and significant funding arrangements when proposing differentiated cash dividend policies [4]. - The decision-making process requires communication with shareholders, especially minority shareholders, and must be approved by at least two-thirds of the voting rights at the shareholders' meeting [4][5]. Group 7: Other Provisions - Any adjustments to the profit distribution policy must meet specific conditions and be disclosed appropriately [5]. - The board of directors is responsible for interpreting the plan, which will take effect upon approval by the shareholders' meeting [5].