TBEA(SH:600089) Zheng Quan Zhi Xing·2025-08-18 11:25Core Viewpoint - The company has established a shareholder return plan for the next three years (2025-2027) to ensure sustainable and stable returns for investors while considering various operational and financial factors [1][2]. Group 1: Factors Considered in Dividend Planning - The company focuses on long-term sustainable development, taking into account operational performance, strategic goals, shareholder expectations, external financing costs, and industry characteristics [1]. - The profit distribution policy emphasizes reasonable returns to investors while adhering to legal regulations and maintaining operational stability [1]. Group 2: Specific Shareholder Return Plan (2025-2027) - The company will distribute profits in cash, stock, or a combination, prioritizing cash dividends [2]. - Cash dividends will be distributed only if the company has positive profits and cash flow, with specific conditions outlined for withholding dividends [2]. - The company aims to distribute at least 30% of the average distributable profit over the last three years in cash [3]. Group 3: Conditions for Stock Dividends - Stock dividends may be proposed if the company has positive undistributed profits and the stock valuation is reasonable, alongside meeting cash dividend conditions [4]. Group 4: Decision-Making Mechanism - The board will thoroughly discuss the profit distribution plan, considering independent directors' opinions and engaging with shareholders, especially minority shareholders [4][5]. - Any adjustments to the profit distribution policy must be justified and approved by the board and shareholders, ensuring transparency and protection of investor interests [5]. Group 5: Other Provisions - The plan will be executed in accordance with relevant laws and regulations, with the board responsible for its interpretation [6].