Group 1 - The company has adjusted the maximum repurchase price from RMB 30.70 per share to RMB 30.60 per share, effective from September 30, 2025, following the implementation of the 2025 semi-annual profit distribution [1][4][29] - The total amount allocated for the share repurchase is between RMB 60 million and RMB 120 million, with an estimated repurchase quantity ranging from approximately 196,080 shares to 392,160 shares, representing 0.66% to 1.32% of the current total share capital [1][4][29] - The company will distribute a cash dividend of RMB 1.00 per 10 shares (including tax) to all shareholders, with the record date set for September 29, 2025, and the ex-dividend date on September 30, 2025 [2][19][25] Group 2 - The conversion price of the company's convertible bonds, known as "兴瑞转债," has been adjusted from RMB 25.60 per share to RMB 25.50 per share, effective from September 30, 2025 [7][11][29] - The adjustment in the conversion price is based on the distribution of cash dividends, with each share receiving a cash dividend of RMB 0.0999832 [10][11][29] - The company has completed the establishment of its subsidiary in Thailand and is in the process of constructing a production base, with the total investment amount increased from USD 1.1 million to USD 2 million [14][16]

Core Points - The company announced a cash dividend distribution of 0.02 CNY per share for the first half of 2025, approved at the sixth extraordinary shareholders' meeting on September 1, 2025 [1][3][15] - The total number of shares eligible for the dividend distribution is 2,726,432,116 shares, resulting in a total cash dividend payout of approximately 54.53 million CNY [3][16] - The ex-dividend date is set for September 11, 2025, with the adjusted maximum repurchase price for shares being reduced to 9.71 CNY per share [14][16] Dividend Distribution Details - The cash dividend distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration date [2][3] - The company will not distribute dividends to shares held in the repurchase special account, totaling 25,720,000 shares [2] - The cash dividend will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited [6][7] Tax Implications - For individual shareholders, the cash dividend will not be subject to withholding tax at the time of distribution; tax will be calculated based on the holding period upon the sale of shares [8][10] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net cash dividend of 0.018 CNY per share [10] - Hong Kong investors participating through the Stock Connect will also face a 10% withholding tax, with the same net cash dividend of 0.018 CNY per share [10] Share Repurchase Program - The company has a share repurchase program with a total budget between 300 million CNY and 600 million CNY, with the maximum repurchase price adjusted to 9.71 CNY per share due to the dividend distribution [13][16] - The adjusted maximum repurchase price will take effect from September 11, 2025, and the number of shares to be repurchased is estimated to be between approximately 30.9 million and 61.8 million shares [16]

Core Viewpoint - The company has announced its profit distribution plan for the fiscal year 2024, which includes a cash dividend of 1.89 RMB per 10 shares and no bonus shares [1][2]. Summary by Sections Profit Distribution Plan - The profit distribution plan was approved at the shareholders' meeting on June 23, 2025, with a cash dividend of 1.89 RMB per 10 shares (tax included) and no bonus shares [1][2]. - The total number of shares for the distribution is based on the existing total share capital of 3,166,943,318 shares, excluding any repurchased shares [1][2]. Dividend Payment Details - The cash dividend will be adjusted if the total share capital changes due to convertible bonds, share buybacks, or other reasons, maintaining a fixed cash dividend of 0.189 RMB per share [1][2]. - The total cash dividend amount is approximately 598.55 million RMB [2]. Key Dates - The record date for the distribution is July 25, 2025, and the ex-dividend date is July 28, 2025 [2]. Dividend Recipients - The recipients of the dividend are all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of the record date [2]. Adjustment of Related Parameters - Following the distribution, the conversion price of the company's convertible bonds will be adjusted from 7.86 RMB to 7.67 RMB per share [3]. - The maximum repurchase price will also be adjusted from 9.25 RMB to 9.06 RMB per share after the dividend distribution [3].

Core Viewpoint - The company, Shengmei Semiconductor Equipment (Shanghai) Co., Ltd., is undergoing significant governance changes, including the cancellation of the supervisory board and an increase in the number of directors, which may impact its operational structure and strategic direction [2][7]. Group 1: Stock Performance - As of June 27, 2025, Shengmei Shanghai's stock closed at 112.9 yuan, reflecting a 3.11% increase from the previous week [1]. - The stock reached a peak price of 115.5 yuan and a low of 108.45 yuan during the week [1]. - The company's current total market capitalization is 49.822 billion yuan, ranking 16th out of 161 in the semiconductor sector and 273rd out of 5,151 in the A-share market [1]. Group 2: Corporate Governance Changes - The second supervisory board's twentieth meeting approved three key resolutions: the cancellation of the supervisory board, an increase in the number of directors, and adjustments to the share repurchase price limit [2]. - The company plans to hold its third extraordinary general meeting on July 15, 2025, to discuss the cancellation of the supervisory board and the increase in the number of directors [3]. - The board intends to increase its size from 6 to 8 members, adding independent director Jiang Shoule [5]. Group 3: Financial Management - The company approved the temporary use of up to 250 million yuan of idle raised funds to supplement working capital, with a validity period of 12 months from the board's approval [6][7]. - The share repurchase price limit has been adjusted from 99.02 yuan per share to 120.00 yuan per share to ensure the smooth implementation of the repurchase plan [8].

Core Viewpoint - The company, Xinda Zheng Property Group Co., Ltd., has announced its 2024 annual dividend distribution plan, which includes a cash dividend of 1.85 RMB per 10 shares for shareholders, excluding shares held in the repurchase account [2][19]. Summary by Sections Dividend Distribution Announcement - The company plans to distribute a total cash dividend of approximately 41.59 million RMB, calculated based on 224,827,783 shares eligible for distribution at a rate of 0.185 RMB per share [2][20]. - The dividend distribution plan was approved at the annual shareholders' meeting held on May 20, 2025 [2][19]. Shareholder Rights and Exclusions - Shares held in the company's repurchase account (1,450,000 shares) will not participate in the dividend distribution [2][7]. - The cash dividend per share after accounting for the repurchased shares will be approximately 0.1838145 RMB [2][20]. Key Dates - The record date for shareholders to receive the dividend is set for June 5, 2025, and the ex-dividend date is June 6, 2025 [9][19]. Dividend Payment Method - Cash dividends will be directly credited to shareholders' accounts through the designated securities companies on the ex-dividend date [11][12]. Adjustments to Share Repurchase Price - Following the dividend distribution, the maximum repurchase price will be adjusted from 13.96 RMB per share to 13.78 RMB per share, effective from June 6, 2025 [17][21].