Highlander(SZ:300065) Zheng Quan Zhi Xing·2025-08-12 16:26Core Viewpoint - The company has established a three-year shareholder return plan (2025-2027) to enhance profit distribution transparency and ensure investors benefit from the company's growth [1][5]. Group 1: Principles of Shareholder Return Plan - The company will allocate dividends based on a specified proportion to shareholders, ensuring the overall interests of all shareholders and the sustainable development of the company [1]. - Profit distribution cannot exceed the total cumulative distributable profits and must not harm the company's ongoing operational capacity [1]. Group 2: Profit Distribution Policy - The company will distribute cash dividends at a minimum of 10% of the annual distributable profits when there are profits and positive retained earnings [2]. - If the cumulative cash dividends over the last three years are less than 30% of the average annual distributable profits, the company cannot issue new shares or convertible bonds to the public [2]. Group 3: Special Circumstances for Profit Distribution - Special circumstances include significant investments or cash expenditures that meet certain thresholds, such as transactions involving assets over 50% of the latest audited total assets or significant impacts on net profit [2][3]. - The company will differentiate cash dividend policies based on its development stage and major capital expenditure plans, with minimum cash dividend ratios set at 80%, 40%, and 20% for mature and growth stages respectively [3]. Group 4: Implementation and Changes to Profit Distribution Policy - The board must complete the distribution of dividends within two months after the shareholders' meeting decision [5]. - The profit distribution policy can be adjusted in response to force majeure events or significant changes in the company's operational environment, requiring a detailed report and approval from the shareholders' meeting [5]. Group 5: Use of Retained Earnings - Retained earnings will primarily be used for significant investments, asset acquisitions, and operational liquidity to promote sustainable development and maximize shareholder value [5]. Group 6: Effectiveness of the Shareholder Return Plan - The plan will take effect upon approval by the shareholders' meeting and will be interpreted by the board of directors [5].