Core Viewpoint - The legal opinion issued by Shanghai Guangfa Law Firm confirms that Changzhou Tenglong Automotive Parts Co., Ltd.'s differentiated dividend distribution plan for 2024 complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [7]. Group 1: Differentiated Dividend Distribution - The company plans to implement a differentiated dividend distribution for the 2024 fiscal year, with a cash dividend of 0.16 yuan per share (including tax) for shareholders [4][6]. - The total number of shares eligible for profit distribution is 485,499,266 shares, after excluding 5,300,040 shares repurchased and held in a special account [5][6]. - The company will not conduct a capital reserve transfer to increase share capital, and any changes in total share capital will be announced separately [4][5]. Group 2: Legal Compliance and Verification - The law firm conducted necessary verifications and confirmed that all documents and statements provided by the company were complete, truthful, and effective [2]. - The legal opinion is intended solely for the purpose of the differentiated dividend distribution and may be disclosed to the public alongside other required announcements [2][3]. - The opinion concludes that the differentiated dividend distribution aligns with the Company Law, Securities Law, and self-regulatory guidelines, with no adverse effects on the company or shareholders [7].

北京市中伦律师事务所 关于江苏常熟汽饰集团股份有限公司 差异化分红事项的 法律意见书 二〇二五年五月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金 山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦律师事务所 关于江苏常熟汽饰集团股份有限公司 差异化分红事项的 法律意见书 致：江苏常熟汽饰集团股份有限公司 北京市中伦律师事务所（以下简称"本所"）作为江苏常熟汽饰集团股份有 限公司（以下简称"公司"）聘请的专项法律顾问，根据《中华人民共和国公司 法》 （以下简称"《公司法》"）、 《中华人民共和国证券法》 （以下简称"《证券法》"）、 《 ...

南京迪威尔高端制造股份有限公司 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ? 是否涉及差异化分红送转：是 ? 每股分配比例 每股现金红利0.14元 证券代码：688377 证券简称：迪威尔 公告编号：2025-014 ? 相关日期 股权登记日 除权（息）日 现金红利发放日 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 20 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东， 公司回购专用证券账户持有的股份除外。 《上海证券交易所上市公司自律监管指引第 7 根据《上市公司股份回购规则》 号——回购股份》 等相关规定，上市公司回购的股份自过户至上市公司回购专用 账户之日起即失去其权利，不享有股东大会表决权、利润分配、公积金转增股本、 认购新股等权利，故公司回购专用证券账户持有的股份不参与本次权益分派。 （1）差异化分红方案 根 ...

Group 1 - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares to all shareholders, excluding shares held in the repurchase account, resulting in a total cash dividend distribution of RMB 12.9315 million [2][3] - The total number of shares eligible for the dividend distribution is calculated as 25,863,000 shares, which is the total shares minus the 1,300,000 shares repurchased [2][3] - The company will not issue bonus shares or convert capital reserves into share capital for the 2024 fiscal year [3][4] Group 2 - The reference price for the ex-dividend date is calculated using the formula: (previous closing price - cash dividend) / (1 + change in circulating shares ratio), resulting in an ex-dividend reference price of approximately RMB 23.4603 per share [4][5] - The impact of the differential dividend on the ex-dividend reference price is minimal, calculated to be less than 1% [5] - The sponsor institution confirms that the differential dividend distribution complies with relevant laws, regulations, and the company's articles of association, ensuring no harm to the interests of the company and all shareholders [5]

陕西博硕律师事务所 关于金花企业（集团）股份有限公司 差异化分红事项的法律意见书 致：金花企业（集团）股份有限公司 陕西博硕律师事务所（以下简称"本所"）接受金花企业（集团）股份有限 公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 "《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"）《上 市公司股份回购规则》（以下简称"《回购规则》"）《上海证券交易所上市公 司自律监管指引第 7 号——回购股份》（以下简称"《第 7 号指引》"）等法律、 法规和规范性文件以及《公司章程》的规定，就公司 2024 年度利润分配所涉及 的差异化分红（以下简称"本次差异化分红"）相关事项进行了核查并出具本法 律意见书。 为出具本法律意见书，本所律师审阅了公司提供的本次差异化分红的相关文 件，就有关事项向公司进行了必要的询问。本所律师依据本法律意见书出具日以 前已经发生或存在的事实并基于对现行法律、法规和规范性文件的理解发表法律 意见。 本法律意见书仅就本次差异化分红所涉及到的法律问题发表法律意见，并不 对有关会计、审计、验资等专业事项和报告发表意见。本法律意见书中对有关审 计报告、验资报告中某 ...

| 控股 | | （股） | | 例 | （股） | | 比例 | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 李志彪 | 人民币普通股 | | 53,593,085 | 34.73 | 75,030,319 | 34.82 | | 及其 | 朱威莉 | 人民币普通股 | | 33,920,744 | 21.98 | 47,489,042 | 22.04 | | 一致 | 李诗源 | 人民币普通股 | | 9,370,312 | 6.07 | 13,118,437 | 6.09 | | 行动 | 杭州希望众创实 | | | | | | | | 人 | 业投资合伙企业 | 人民币普通股 | | 6,247,272 | 4.05 | 8,746,181 | 4.06 | | | （有限合伙） | | | | | | | | | 合计 | - | 103,131,413 | 66.83 | 144,383,979 | 67.00 | | | | | | 备注：若出现合计数与所在行或列数值合计尾数差异，及比例计算差异，均系四舍五 | | | | | ...

证券代码：603629 证券简称：利通电子 公告编号：2025-024 江苏利通电子股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 ? 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 20 日的2024年年度股东大会审议通过。 二、 分配方案 重要内容提示： ? 每股分配比例 A 股每股现金红利0.05元 ? 相关日期 | 股份类别 | 股权登记日 | | 最后交易日 | 除权（息）日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/19 | － | 2025/6/20 | 2025/6/20 | | | | | | 现金红利发放日 | 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东，但存放于回购专用证券 账户中的股份不参与本次利润分配。 （1）本次差异化分红方案 截至本公告披露日，公司总股本 25,993 万股，扣 ...

Core Viewpoint - The new tea beverage industry is experiencing a significant differentiation among leading companies following a series of IPOs, indicating a shift into a more competitive phase characterized by homogenization and over-expansion issues [1][10]. Company Performance - Companies like Gu Ming and Mi Xue Group have seen substantial stock price increases post-IPO, with Gu Ming rising by 149.50% and Mi Xue Group by 137.93% as of May 9 [2][3]. - In contrast, companies such as Nai Xue's Tea and Cha Bai Dao have faced significant declines in stock prices, with Nai Xue's Tea down 94.39% and Cha Bai Dao down 44.51% since their respective IPOs [2][7]. - The stock performance of Ba Wang Cha Ji and Hu Shang A Yi has also been weaker compared to their peers, with Ba Wang Cha Ji showing a modest increase of 14.29% and Hu Shang A Yi at 27.74% [3][5]. Market Trends - The new tea beverage market is projected to reach a scale of 354.72 billion yuan in 2024, with a stable growth forecast of 6.4% year-on-year, potentially exceeding 400 billion yuan by 2028 [14]. - The industry is transitioning from a growth phase focused on market share acquisition to a more mature phase emphasizing differentiation and refined strategies [14][16]. Challenges and Issues - The industry faces challenges such as product homogenization, excessive store expansion, and declining operational efficiency, leading to a "impossible triangle" scenario where companies struggle to balance scale expansion, cost control, and brand differentiation [10][12][16]. - Some companies have reported significant drops in net profit, with Cha Bai Dao experiencing a 58.55% decline in 2024, while Nai Xue's Tea reported substantial losses [8][12]. Strategic Directions - Companies are increasingly focusing on differentiation strategies, with Mi Xue Group leveraging its supply chain capabilities to gain competitive advantages [16]. - Expansion into overseas markets is a key strategy for many leading new tea beverage companies, with Ba Wang Cha Ji already testing its first North American store shortly after its IPO [17].

Core Viewpoint - Shenzhen Futian Yinzuo Village Bank has announced a year-round, 365-day service starting June 16, 2025, which is a rare model in the banking industry, reflecting efforts to enhance customer experience and attract clients in a competitive market [1][2][4]. Group 1: Service Model - The bank will operate from Monday to Friday, 8:30 AM to 5:30 PM, and on weekends and public holidays from 9:00 AM to 4:00 PM [2][4]. - The year-round service model is uncommon in the banking sector, where typically, retail and corporate services have different operating hours, often with weekends off for corporate services [4][5]. Group 2: Employee Work Structure - Employees will have varied schedules, with some working administrative hours and others covering weekends [4]. - Despite the extended hours, bank employees often face additional work after closing, including meetings and report preparations, leading to longer actual working hours [5]. Group 3: Financial Performance - The controlling shareholder of Shenzhen Futian Yinzuo Village Bank is Taizhou Bank, which reported a slight increase in revenue to 12.714 billion yuan and a slight decrease in net profit to 4.78 billion yuan [6]. - Taizhou Bank's financial structure heavily relies on personal deposits, which constituted 77% of total deposits, indicating challenges in customer retention and loyalty [6]. Group 4: Industry Evolution - The banking industry is transitioning from traditional brick-and-mortar models to digital services, with a focus on mobile banking, as highlighted by Brett King's concept of banking as a service rather than a physical location [6][7]. - The shift in banking channels emphasizes the importance of online services, moving from physical branches to digital platforms [7].

Core Viewpoint - The recent legal and operational challenges faced by Kaishi Fund and its chairman Chen Jiwu highlight the difficulties small and medium-sized public funds encounter in a competitive and heavily regulated market [6][7][8]. Group 1: Legal and Operational Challenges - Chen Jiwu, chairman of Kaishi Fund, has been subjected to consumption restrictions by the Shanghai Huangpu District People's Court, affecting his ability to engage in high-cost activities [1]. - Kaishi Wealth, a professional fund sales institution, has faced termination of business relationships with multiple public funds, including China CITIC Prudential Fund and Xinjiang Qianhai United Fund [2]. - Kaishi Fund Management Co., Ltd. has multiple equity freezes totaling over 300 million yuan, with the latest freeze lasting until 2027 [2]. Group 2: Financial Performance and Product Line - As of March 31, 2025, Kaishi Fund's total assets under management have plummeted to 117 million yuan, a decline of over 90% from its peak of 1.429 billion yuan in Q3 2019 [3]. - The company has seen a significant reduction in its product line, with several funds being liquidated since its establishment in 2017 [3]. - The recent launch of the Kaishi Yuanxin Mixed Fund raised only 10.61 million yuan, with no external subscriptions, indicating a lack of investor confidence [3]. Group 3: Industry Context and Future Outlook - The situation of Chen Jiwu and Kaishi Fund reflects the broader challenges faced by small public funds amid increasing market concentration, where top firms hold over 80% of market share [6][7]. - As of the end of 2024, Kaishi Fund's scale was merely 19 million yuan, ranking last among similar "private-to-public" companies, while competitors like Pengyang Fund exceeded 124.8 billion yuan [7]. - Industry experts suggest that building differentiated competitive advantages and addressing historical issues like equity freezes are crucial for the survival of small public funds [7].