国浩律师（杭州）事务所 关 于 金华春光橡塑科技股份有限公司 差异化分红事项 之 专项法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师 楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年五月 春光科技差异化分红专项法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关于金华春光橡塑科技股份有限公司 差异化分红事项之 专项法律意见书 致：金华春光橡塑科技股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受金华春光橡塑科技股份有限 公司（以下简称"春光科技" "公司"）的委托，根据《中华人民共和国公司法》 （以 下简称" ...

证券代码：603657 证券简称：春光科技 公告编号：2025-025 金华春光橡塑科技股份有限公司2024年年度权益分派实施公告 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。 重要内容提示： ? 每股分配比例 A 股每股现金红利0.035元 ? 相关日期 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/6/5 － 2025/6/6 2025/6/6 ? 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 9 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。 根据《上海证券交易所上市公司自律监管指引第 7 号—回购股份》等有关规定，公司存 放于回购专用证券账户中的股份将不参与利润分配。 （1）差异化分红方案 公司 2024 年年度股东大会审议通过了《关于公司 2024 年度利润分配预案的议案》， ...

证券代码：605365 证券简称：立达信 公告编号：2025-022 立达信物联科技股份有限公司 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。 重要内容提示： ? 每股分配比例 A 股每股现金红利0.42元（含税） ? 相关日期 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。 （1）差异化分红方案 公司以实施权益分派股权登记日登记的总股本 502,012,876 股扣除回购专用证 券账户中的 347,414 股为基数分配利润，扣除后的公司总股本为 501,665,462 股， 每股派发现金红利 0.42 元（含税），共计派发现金红利 210,699,494.04 元（含税）。 （2）差异化分红除权除息方法 根据《上海证券交易所交易规则》的相关规定，公司将按照以下公式计算除 权除息开盘参考价： 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/6/5 － 2025/6/6 2025/6/6 ? 差异化 ...

Core Viewpoint - The article discusses how WeChat communication reflects power dynamics and social ethics in modern relationships, highlighting the negative psychological impacts of dismissive communication styles [1][2][3]. Group 1: Communication Dynamics - WeChat has become a crucial medium for interpersonal relationships, with users checking it over 30 times a day on average in China [1]. - Certain reply patterns, such as minimal responses or delayed replies, create an imbalance in conversational power, leading to feelings of self-doubt in the recipient [1][2]. - The phenomenon of "intentional neglect" in replies can be seen as a form of social violence, affecting the mental well-being of individuals who experience it [1]. Group 2: Emotional Alienation - The article connects the arrogant attitudes in WeChat communication to a broader trend of emotional alienation in society, where individuals struggle to empathize with others behind screens [2]. - The concept of "objectification" in digital communication is discussed, where individuals are treated as mere symbols rather than emotional beings [2]. Group 3: Reconstructing Communication Norms - The need to rebuild rational communication in the digital age is emphasized, advocating for basic etiquette such as timely responses and maintaining conversational integrity [2]. - The article references Habermas's theory of communicative action, suggesting that genuine communication should be based on mutual recognition [2]. Group 4: Value of Genuine Interaction - WeChat interactions serve as a reflection of societal values, where dismissive behavior indicates a lack of respect for the other person's time and attention [3]. - The article encourages individuals to recognize the importance of sincere communication as a form of resistance against emotional alienation in the digital world [3].

Core Points - The company announced a cash dividend of 0.592 yuan per share for A shares [1][2][3] - The dividend distribution will be based on the total share capital minus the shares held in the repurchase account [2][3] - The record date for the dividend is June 5, 2025, with the ex-dividend date also on June 6, 2025 [1][3] Dividend Distribution Details - The total share capital as of the announcement date is 861,716,052 shares, with 750,524 shares in the repurchase account not participating in the distribution [3][4] - The number of shares eligible for the dividend is 860,965,528 shares [3] - The cash dividend distribution will be calculated based on the eligible shares, resulting in a virtual distribution of approximately 0.5915 yuan per share [3] Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net distribution of 0.592 yuan per share [4][5] - For shares held for less than one month, a 20% tax applies, reducing the effective dividend to 0.4736 yuan per share [5] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax, leading to a net dividend of 0.5328 yuan per share [6] Adjustments to Convertible Bonds - The conversion price of the company's convertible bonds will be adjusted due to the dividend distribution, changing from 38.79 yuan to 38.20 yuan per share [8][7] - The adjustments are in accordance with the company's regulations regarding equity distribution and convertible bonds [8]

Core Viewpoint - The legal opinion letter addresses the differentiated dividend distribution plan of Guangzhou Zhongwang Longteng Software Co., Ltd. for the fiscal year 2024, confirming its compliance with relevant laws and regulations [1][3][9]. Group 1: Differentiated Dividend Plan - The company plans to distribute a cash dividend of 5 yuan (including tax) for every 10 shares and to increase capital by 4 shares for every 10 shares held, based on the total share capital minus shares held in the repurchase account [3][4]. - The total number of shares for the dividend distribution is 120,701,869, with a total cash dividend amounting to 60,350,934.50 yuan (including tax) and a capital increase of 48,280,748 shares [3][4]. Group 2: Reasons for Differentiated Dividend - The company previously approved a share repurchase plan with a total fund of no less than 30 million yuan and no more than 60 million yuan, with a maximum repurchase price of 350 yuan per share [4][6]. - The company completed the repurchase of 279,755 shares and transferred 177,020 shares to the employee stock ownership plan [4][6]. Group 3: Compliance and Legal Basis - The legal opinion confirms that the differentiated dividend distribution complies with the Company Law, Securities Law, and relevant regulations, ensuring no harm to the interests of the company and its shareholders [9]. - The repurchased shares do not participate in the profit distribution or capital increase, necessitating the differentiated treatment for the dividend distribution [8][9]. Group 4: Impact on Share Price - The reference price for ex-dividend trading is calculated to be approximately 65.9857 yuan per share based on actual distribution, with a minimal impact of less than 1% on the share price due to the differentiated dividend [9].

Core Viewpoint - The legal opinion letter issued by King & Wood Mallesons Shanghai Office confirms that the differentiated dividend distribution plan proposed by Nanchao Food Group (Shanghai) Co., Ltd. complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [1][4][5]. Group 1: Legal Framework and Compliance - The legal opinion is based on the Company Law (2023 revision), Securities Law, and other relevant regulations, confirming the legality of the differentiated dividend distribution [1][4]. - The law firm has ensured that all necessary facts and documents have been disclosed by the company, with no significant omissions [1][2]. Group 2: Differentiated Dividend Distribution Plan - The company plans to distribute a cash dividend of 1.70 yuan (including tax) for every 10 shares held, with a total share capital of 424,290,616 shares [4][5]. - The differentiated dividend distribution is part of a broader strategy that includes a share buyback plan approved by the board, aimed at employee stock ownership and incentive plans [4]. Group 3: Calculation and Impact of Dividend Distribution - The reference price for the ex-dividend date is calculated based on the previous closing price minus the cash dividend, resulting in a reference price of 16.45 yuan per share [5]. - The impact of the differentiated dividend on the reference price is minimal, estimated at approximately 0.008379%, indicating that the buyback shares will not significantly affect the dividend distribution [5]. Group 4: Conclusion - The legal opinion concludes that the differentiated dividend distribution plan adheres to the relevant laws and regulations, ensuring the protection of the interests of both the company and its shareholders [5].

中经记者 石健 北京报道 655家区县城投公司中，总资产达30.26万亿元、年营收合计1.77万亿元……近日，城投网和江苏现代资 产投资管理顾问有限公司（以下简称"现代咨询"）联合发布了2024年区县城投经营数据。 《中国经营报》记者注意到，随着债务化解和城投平台转型齐头并进，区县级城投公司经营水平和治理 能力进一步提升。尤其是在头部区县城投公司中，已经有61家城投公司总资产超过千亿元。但就营收水 平看，655家区县城投营业收入平均值为27.04亿元，75%的城投公司不及平均值。 从特色化挖掘动能 丁伯康认为，从今年所发布的区县城投公司经营数据来看，当前城投转型正处于"风险突围"与"动能重 塑"的关键阶段。尤其是化解存量债务仍然是目前区县城投突破发展困局的攻坚点。 在多位区县城投负责人看来，对于未来区县城投发展，化解债务是前提，差异化发展是方向，市场化转 型是手段，融资能力提升是支撑，区县城投正从"风险突围"向"动能重塑"转变。 近一成区县城投总资产过千亿元 趋势数据显示，纳入统计的区县级城投公司共有655家。截至2024年年底，总资产规模合计总量为30.26 万亿元，年营业收入合计为1.77万亿元。570家 ...

Core Insights - The Chinese coffee market is experiencing rapid growth, with the industry size expected to double from 136.4 billion yuan in 2020 to 202.8 billion yuan in 2024 [4][8] - The rise in coffee consumption is driven by faster lifestyles and social media trends, with consumers increasingly seeking out aesthetically pleasing coffee experiences [4][8] - The market is characterized by diverse consumption scenarios, including chain coffee shops, independent cafes, fast food outlets, tea shops, convenience stores, and self-service coffee machines [8][10][12] Market Dynamics - Chain coffee brands dominate the market, accounting for over 60% of the total coffee shops in China, with the number of coffee shops expected to exceed 1 million by 2024 [10][15] - Major players like Luckin Coffee and Starbucks are expanding aggressively, leveraging digital marketing and loyalty programs to retain customers [10][17] - Independent and specialty coffee shops focus on unique experiences and high-quality offerings, but face challenges in scaling and maintaining profitability [10][25] Competitive Landscape - The competition in the coffee market is intense, with both international brands like Starbucks and local brands like Luckin Coffee vying for market share [15][17] - Luckin Coffee has positioned itself as a cost-effective option, while new entrants like Kudi Coffee are adopting aggressive expansion strategies [19][21] - The market is witnessing a high closure rate of coffee shops, with over 4.5 million stores disappearing in 2024, indicating a challenging environment for many brands [27] Future Trends - The coffee market is expected to continue evolving, with a focus on supply chain management and operational efficiency becoming critical for survival [28][29] - Downstream markets are emerging as new growth areas, but brands must adapt to different consumer preferences and behaviors in these regions [31] - Digitalization and multi-channel marketing are essential for brands to understand consumer needs and enhance the overall customer experience [33][35]

Core Viewpoint - The financial industry is experiencing intense competition, referred to as "involution," leading to challenges in loan interest rates and profit margins, prompting banks to shift from price competition to value-based competition [3][5][11]. Group 1: Market Competition Dynamics - The ongoing "involution" in the banking sector is reflected in declining loan interest rates, with some personal consumption loan rates dropping below 3% [5][7]. - The shift in credit supply and demand dynamics is attributed to economic structural transformation, resulting in a mismatch between banking services and the needs of the economy [5][6]. - Large banks are increasingly dominating the market, with their asset share rising, while smaller banks face challenges due to the aggressive pricing strategies of larger institutions [6][7]. Group 2: Profitability and Risk - The net interest margin for commercial banks fell to 1.43% in the first quarter, marking a new low, with large banks having the lowest margins at 1.33% [7]. - The competitive pressure has led to a rise in non-performing loans in consumer lending, as banks engage in short-term strategies to capture market share [7][11]. Group 3: Shift to Value-Based Competition - Banks are recognizing the importance of addressing customer pain points and providing higher value rather than solely competing on interest rates [8][10]. - Smaller banks are collaborating to create differentiated service offerings, moving away from price competition to enhance their competitive edge [9][10]. Group 4: Future Outlook and Regulatory Environment - To combat "involution," banks need to focus on specialized development and leverage financial technology to meet customer needs with tailored solutions [11][12]. - Regulatory bodies are expected to maintain order in interest rate competition and encourage banks to provide differentiated products and services based on their unique strengths [12].