Anzheng Fashion(SH:603839) Zheng Quan Zhi Xing·2025-08-27 16:40Core Viewpoint - The company has established a profit distribution management system to ensure a scientific, sustainable, and stable dividend mechanism, protecting the legitimate rights and interests of minority investors [1][2]. Profit Distribution Policy - The company emphasizes reasonable returns for investors while considering its funding needs and sustainable development [1]. - The distribution of annual after-tax profits follows a specific order: covering previous losses, allocating statutory reserves, discretionary reserves, and then paying dividends to shareholders [1][2]. - The company prioritizes cash dividends but may also use stock dividends or a combination of both, depending on profitability and operational needs [2][3]. Dividend Conditions and Proportions - Cash dividends will be distributed only if the company is profitable, has no unaddressed losses, and has sufficient cash to support normal operations [3]. - The company aims to distribute at least 20% of its distributable profits as cash dividends each year [3]. - In cases of significant capital expenditures, the minimum cash dividend proportions vary based on the company's development stage, ranging from 20% to 80% [4][5]. Decision-Making Mechanism - The profit distribution proposal is developed by the management and board, considering the company's articles of association, profitability, funding needs, and shareholder return plans [5][6]. - Independent directors can express opinions if they believe the cash dividend proposal may harm the company or minority shareholders [6]. Supervision and Constraints - The company must disclose its profit distribution plans and the execution of cash dividend policies in regular reports [7]. - Any changes to the profit distribution policy due to significant external or internal changes must be approved by a two-thirds majority of the voting rights at the shareholders' meeting [7]. Implementation - The profit distribution management system will take effect after approval by the shareholders' meeting [7].