江苏国泰完善分红规划：提升投资者回报，聚焦主业稳健发展

Core Viewpoint - Jiangsu Guotai has revised its dividend plan for the next three years and decided to terminate its previous plan to engage in securities investment, reflecting a clear commitment to focus on its core business, optimize governance, and enhance shareholder returns [1][2] Dividend Plan - Jiangsu Guotai has established a shareholder dividend return plan for 2025-2027, proposing to distribute profits two to three times annually, with a cash dividend ratio of no less than 40% of the distributable profits for the year, which is higher than the average dividend payout ratio over the past three years [1] - The company aims to increase the frequency of dividends to ensure stability and continuity in shareholder returns, responding to investor expectations for higher and more frequent dividends [1][2] - Since its listing in 2006, Jiangsu Guotai has implemented cash dividends for 19 consecutive years, with a cumulative cash dividend amount of approximately 4.811 billion yuan [1] Termination of Securities Investment - The board of directors has decided to terminate the plan to use 1.5 billion yuan of idle funds to establish a subsidiary for securities investment, emphasizing a focus on core business, cautious investment, and improved shareholder returns [2] - The previous securities investments were based on a strategic plan to hold shares of listed companies related to the main business rather than short-term trading for profit [2] - The company plans to gradually exit previous securities investments, redirecting funds to core operations and shareholder returns [2] Market Response and Governance - Industry insiders believe that the simultaneous introduction of the revised dividend plan and the termination of the securities investment plan demonstrates the company's proactive response to market concerns and a commitment to sound governance [2] - By clarifying dividend ratios and frequencies, the company conveys its determination to provide stable shareholder returns and enhance investor confidence [2] - The series of measures taken by Jiangsu Guotai aligns with regulatory advocacy for "quality return enhancement" and reflects an adjustment and upgrade in governance thinking [2]