Shang Hai Zheng Quan Bao·2026-02-12 18:46Core Viewpoint - The company has announced a valuation enhancement plan due to its stock price being below the audited net asset value per share for 12 consecutive months, which triggers the need for such a plan [2][4]. Group 1: Valuation Enhancement Plan Trigger and Overview - The company’s stock price has been below the audited net asset value of 8.26 yuan per share from January 1, 2025, to April 24, 2025, and below 8.60 yuan per share from April 25, 2025, to December 31, 2025 [4]. - The valuation enhancement plan aims to improve operational efficiency, strengthen investor relations, enhance information disclosure, and implement cash dividends and share buybacks [3][4]. Group 2: Specific Measures of the Valuation Enhancement Plan - The company will focus on three core businesses: goods trade, modern logistics, and health care, while enhancing its global layout and innovation-driven strategies [7]. - In the goods trade sector, the company plans to deepen supply chain integration and global expansion, enhancing service capabilities for international brand clients [8]. - The logistics business will focus on digitalization and service innovation, improving smart services in maritime transport and creating competitive advantages in air transport [9]. - The health care sector will develop a business ecosystem around services, trade, supply chain, and leasing, aiming for high-value growth through digital applications and supply chain collaboration [10]. Group 3: Investor Relations and Return Mechanisms - The company will enhance the quality of information disclosure and establish multi-dimensional communication channels to convey long-term investment value [11][12]. - It plans to hold at least two performance briefings in 2026 to engage with investors on key issues [13][14]. - The company has distributed a total of 1.299 billion yuan in dividends since its listing and aims to maintain a cash dividend ratio of at least 50% of the net profit attributable to shareholders in 2026 [15][17]. Group 4: Board of Directors' Approval and Assessment - The board of directors approved the valuation enhancement plan on February 11, 2026, during the 34th meeting of the ninth board [5][24]. - The company will evaluate the implementation of the valuation enhancement plan annually, as required by regulatory guidelines [19].