Darbond Technology (SH:688035) Zheng Quan Zhi Xing·2025-08-15 12:16Core Viewpoint - The company has established a three-year shareholder dividend return plan for 2025-2027 to enhance profit distribution and cash dividend mechanisms, ensuring continuous and stable profit distribution policies while safeguarding shareholders' rights [1][2]. Factors Considered in the Dividend Return Plan - The plan considers the company's current operational status, sustainable development, actual circumstances, development goals, shareholder preferences, and external financing environment [1]. - It aims to ensure a continuous and stable dividend return mechanism based on the company's profitability, cash flow, and development stage [1][2]. Principles of the Dividend Return Plan - The plan must comply with relevant laws, regulations, and the company's articles of association [2]. - It should maintain sustainability while considering the long-term interests of the company and all shareholders [2]. - Profit distribution must not exceed the cumulative distributable profit [2]. - The plan should incorporate feedback from shareholders, especially minority investors, and independent directors [2]. Specific Dividend Return Planning for 2025-2027 - The company may distribute profits in cash, stock, or a combination of both, prioritizing cash dividends when conditions allow [3]. - The annual cash distribution should be at least 10% of the distributable profit if there are no significant capital expenditures planned in the next twelve months [3][4]. Cash Dividend Proportion - For mature companies without significant capital expenditures, cash dividends should constitute at least 80% of the profit distribution [3]. - For mature companies with significant capital expenditures, the cash dividend proportion should be at least 40% [3]. - For growth-stage companies with significant capital expenditures, the cash dividend proportion should be at least 20% [3]. Conditions for Issuing Stock Dividends - Stock dividends may be issued if the company's operational status is good and the board believes it benefits all shareholders, provided cash dividend conditions are met [4]. Review and Decision-Making Mechanism - The company will review the shareholder return plan at least every three years, considering feedback from shareholders and independent directors [5]. - The board will propose profit distribution plans based on operational data, profitability, cash flow, and shareholder input, which must be approved by the shareholders' meeting [5]. Adjustment Mechanism for Dividend Return Plan - The profit distribution policy may be adjusted in response to significant changes in the company's operational status or external factors like natural disasters [6]. - Any adjustments must be discussed and approved by the board and then submitted to the shareholders' meeting for approval [6].