Yuanjie Semiconductor Technology (SH:688498) Zheng Quan Zhi Xing·2025-08-29 11:22Core Viewpoint - The company has established a three-year shareholder dividend return plan for 2025-2027 to provide sustainable and reasonable returns to shareholders while ensuring long-term development and operational health [1][5]. Group 1: Factors Considered in the Plan - The plan considers long-term sustainable development, company strategy, actual operating conditions, future profitability, cash flow, shareholder returns, social capital costs, and external financing environment [1]. - The company aims to balance reasonable returns for shareholders with sustainable development, ensuring continuity and stability in profit distribution policies [1]. Group 2: Principles of the Plan - The plan adheres to relevant laws, regulations, and the company's articles of association, emphasizing reasonable returns for shareholders while considering the company's actual operating conditions [2]. - The company will listen to and consider the opinions of minority shareholders when formulating the dividend return plan [2]. Group 3: Specific Dividend Return Plan for 2025-2027 - The company may distribute profits in cash, stock, or a combination of both, prioritizing cash dividends when conditions are met, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash [2][3]. - Cash dividends will only be implemented if the net profit after tax is positive, cash flow is sufficient, and it does not affect the company's ongoing operations [2]. - The company will adopt differentiated cash dividend policies based on industry characteristics, development stage, operating model, profitability, and major capital expenditure plans [2][3]. Group 4: Conditions for Stock Dividend Distribution - The company may propose stock dividends when operating conditions are good, and the board believes that stock dividends will benefit all shareholders, provided cash dividend conditions are met [3]. Group 5: Profit Distribution Timing and Decision-Making Process - The company aims to distribute profits at least once a year, with the possibility of mid-term distributions based on operational and funding needs [3]. - The decision-making process for profit distribution requires majority approval from the board and more than half of the independent directors, with shareholder meetings requiring two-thirds approval from attending shareholders [4]. Group 6: Adjustment Mechanism for the Dividend Return Plan - The company will consider various factors and shareholder opinions, especially from minority shareholders, to determine if adjustments to the profit distribution policy and the three-year shareholder return plan are necessary [5]. - Significant changes in the company's operating conditions or the impact of the current return plan on sustainable operations may lead to a re-evaluation and adjustment of the shareholder return plan [5].