RONGSHEGN ENVIRONMENTAL(SH:603165) Shang Hai Zheng Quan Bao·2025-10-09 20:23Core Viewpoint - Zhejiang Rongsheng Environmental Paper Co., Ltd. has adjusted its total cash dividend distribution for the first half of 2025 from RMB 154,727,337.60 (including tax) to RMB 154,624,131.60 (including tax) due to changes in the number of shares participating in profit distribution caused by convertible bond conversions and share repurchases [2][6]. Summary by Sections 1. Adjustment of Profit Distribution Plan - The cash dividend per share remains unchanged at RMB 6.00 for every 10 shares, with the total number of shares participating in the distribution adjusted from 257,878,896 to 257,706,886 shares [3][6]. - The adjustment is a result of the conversion of convertible bonds and the repurchase of shares, which altered the total number of shares eligible for profit distribution [2][4]. 2. Convertible Bonds and Share Repurchase - The company issued 5.76 million convertible bonds with a total value of RMB 57,600,000, which began trading on September 13, 2023 [4][21]. - As of the announcement date, 1,890 shares were converted from the convertible bonds, increasing the total number of shares [4][28]. - The company repurchased 173,900 shares, which do not participate in the profit distribution [5][6]. 3. Dividend Distribution Details - The total cash dividend distribution is now set at RMB 154,624,131.60 (including tax), based on the adjusted number of shares [6][10]. - The dividend will be distributed to all shareholders registered by the end of the trading day before the equity registration date [8][10]. 4. Tax Implications - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, while those holding for less than one year will not have tax withheld at the time of distribution [14][15]. - The actual cash dividend per share after tax for qualified foreign institutional investors (QFII) will be RMB 0.54 [16]. 5. Adjustment of Convertible Bond Conversion Price - The conversion price of the "Rong 23 Convertible Bond" has been adjusted from RMB 11.11 to RMB 10.54 due to the cash dividend distribution [20][25]. - This adjustment will take effect on October 16, 2025, with the bonds being suspended from conversion from October 9 to October 15, 2025 [25][32].