TIANMA(SZ:000050) Zheng Quan Zhi Xing·2025-08-22 12:13Core Viewpoint - The company has established a shareholder return plan for the next three years (2025-2027) to ensure reasonable returns for investors while balancing sustainable development and long-term interests [1][2]. Group 1: Shareholder Return Plan - The plan considers long-term development strategies, operational realities, external environments, industry development status, and competitive landscape to create a stable and scientific return mechanism [1]. - The basic principle of the profit distribution policy emphasizes maintaining continuity and stability in profit distribution while considering the long-term interests of the company and all shareholders [1][2]. Group 2: Profit Distribution Methods - The company will prioritize cash dividends in its profit distribution, with the option to also include stock dividends or a combination of both [2]. - Conditions for implementing cash dividends include the company's projected expenditures on investments, asset acquisitions, or equipment purchases exceeding 10% of the latest audited net assets within the next twelve months [2][3]. Group 3: Cash Dividend Proportions - The company will distribute at least 10% of the annual distributable profit as cash dividends, with a cumulative cash distribution of no less than 30% of the average annual distributable profit over the last three years [2][3]. - Specific cash dividend proportions are set based on the company's development stage and significant capital expenditure plans, with minimum cash dividend ratios ranging from 20% to 80% depending on circumstances [3]. Group 4: Decision-Making Process - The board of directors must carefully evaluate the timing, conditions, and minimum ratios for cash dividends, with independent directors having the right to express opinions if they believe the proposals may harm shareholder interests [4]. - The profit distribution proposal must be submitted to the shareholders' meeting for approval after being reviewed by the board [4]. Group 5: Implementation and Adjustments - The company must complete the distribution of dividends or shares within two months after the shareholders' meeting decision [5]. - The profit distribution policy may be adjusted in response to force majeure events or significant changes in the external operating environment, requiring detailed justification and approval from shareholders [5].