CYPC(SH:600900) Shang Hai Zheng Quan Bao·2025-08-14 18:24Core Viewpoint - China Yangtze Power Co., Ltd. has announced a shareholder dividend return plan for the next five years (2026-2030), aiming to establish a scientific, sustainable, and stable return mechanism for shareholders while considering the company's actual situation and industry trends [1][2]. Group 1: Factors Considered in the Plan - The plan focuses on long-term and sustainable development, taking into account the company's actual situation, strategic planning, and industry development trends to ensure a systematic arrangement for profit distribution [1]. Group 2: Principles of the Plan - The plan adheres to the relevant provisions of the company's articles of association regarding profit distribution, emphasizing reasonable returns to shareholders while balancing short-term and long-term interests [2]. Group 3: Specific Dividend Return Plan - The company will distribute dividends in cash or stock, with a preference for cash dividends [3]. - The cash dividend will be no less than 70% of the net profit attributable to the parent company's shareholders for each year from 2026 to 2030 [4]. - Cash dividends will only be implemented if the company achieves profitability in the respective year [5]. - Cash dividends will be distributed annually, with the possibility of mid-term profit distribution under certain conditions [6]. - If the company's operating conditions are favorable, the board may propose a stock dividend distribution plan in addition to cash dividends [7]. Group 4: Profit Distribution Decision-Making Process - The profit distribution plan will be drafted by the management and submitted to the board for review, with independent directors providing clear opinions and gathering feedback from minority shareholders [9]. - The board will discuss the plan thoroughly before submitting it to the shareholders' meeting for approval, ensuring communication with minority shareholders through various channels [9]. - The board must complete the dividend distribution within 60 days after the shareholders' meeting approves the plan [9]. Group 5: Adjustment Mechanism - The profit distribution policy may be adjusted in response to force majeure events or significant changes in the company's operating environment [10]. Group 6: Information Disclosure - The company will disclose the cash dividend policy and its execution in regular reports, ensuring transparency regarding the decision-making process and the protection of minority shareholders' rights [10]. Group 7: Miscellaneous - Any matters not covered in the plan will be executed in accordance with relevant laws, regulations, and the company's articles of association [11].