Shengquan Group(SH:605589) Zheng Quan Zhi Xing·2025-08-18 16:30Core Viewpoint - The company has established a three-year shareholder return plan for 2025-2027, focusing on profit distribution policies that prioritize cash dividends while considering the company's operational needs and shareholder interests [1][2]. Group 1: Principles of the Plan - The plan is formulated in accordance with relevant laws and regulations, ensuring that the opinions of investors, especially minority shareholders, and independent directors are considered [1]. - The arrangement balances reasonable returns for shareholders with the long-term development of the company, taking into account industry characteristics, operational model, profitability, and funding needs [1]. Group 2: Profit Distribution Details - The company can distribute profits in cash, stock, or a combination of both, with cash distribution prioritized when conditions allow [2]. - In years with positive net profits and undistributed profits, the company is required to distribute available profits annually, with the board able to propose mid-term distributions based on current profitability and cash flow [2]. - The minimum cash dividend distribution is set at 30% of the available profits for the year, with differentiated policies based on the company's development stage and capital expenditure needs [2]. Group 3: Decision-Making Process - The board of directors is responsible for drafting the profit distribution plan, ensuring that the opinions of minority shareholders are considered through various communication channels [3]. - The profit distribution plan must be approved by at least two-thirds of the voting rights at the shareholders' meeting, with provisions for online voting to facilitate shareholder participation [4]. Group 4: Supervision and Adjustment - The supervisory board monitors the implementation of the cash dividend policy and the shareholder return plan, ensuring compliance with decision-making procedures and information disclosure [4]. - Any adjustments to the profit distribution policy due to unforeseen circumstances or significant changes in operations must be proposed by the board and approved by shareholders, with a focus on protecting shareholder rights [4]. Group 5: Miscellaneous - Any matters not covered in the plan will be executed in accordance with relevant laws, regulations, and the company's articles of association, with the board responsible for interpretation [5].