Group 1 - The legal opinion letter is issued by Zhejiang Tiance Law Firm regarding the differentiated equity distribution plan of Zhejiang Jiuzhou Pharmaceutical Co., Ltd for the first half of 2025 [1][2] - The company plans to distribute a cash dividend of 2.00 yuan (including tax) for every 10 shares to all shareholders [4][5] - The total share capital of the company is 889,446,028 shares, with 7,736,000 shares held in the repurchase special securities account, which will not participate in the profit distribution [4][5] Group 2 - The actual number of shares participating in the dividend distribution is calculated by deducting the shares in the repurchase account from the total share capital, resulting in a total of 881,710,028 shares eligible for the cash dividend [5][7] - The total cash dividend to be distributed amounts to 176,342,005.60 yuan (including tax) [5] - The ex-dividend reference price is calculated based on the closing price before the dividend distribution, which is 18.58 yuan per share, leading to an adjusted reference price of 18.38 yuan per share after accounting for the cash dividend [6][7] Group 3 - The legal opinion concludes that the differentiated equity distribution complies with relevant laws and regulations, including the Company Law and Securities Law, and does not harm the interests of the company or its shareholders [5][7]

Group 1 - The legal opinion letter is issued by Guangdong Xinda Law Firm regarding the differentiated equity distribution of Guangdong Lian Tai Environmental Protection Co., Ltd for the year 2024 [1][2] - The differentiated equity distribution is based on the company's decision to repurchase shares and the compliance with relevant laws and regulations, including the Company Law and Securities Law [6][11] - The company plans to distribute a cash dividend of 0.90 yuan per 10 shares to all shareholders, excluding shares held in the repurchase account [9][11] Group 2 - The total number of shares repurchased by the company is 7,885,396 shares, which do not participate in the profit distribution [6][9] - The reference price for the ex-dividend date is calculated based on the closing price before the distribution, resulting in a reference price of 4.64 yuan per share [10] - The impact of the differentiated equity distribution on the reference price is minimal, with an absolute value change of less than 1% [10]

Group 1 - The core opinion of the document is that the legal opinion confirms the compliance of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. with relevant regulations regarding the differentiated equity distribution plan for 2024 [2][3][6] - The differentiated equity distribution is based on the company's decision to repurchase shares for employee incentive plans and is in accordance with the Shanghai Stock Exchange's guidelines [3][5] - The total cash dividend to be distributed is approximately RMB 671,546,423.36, with a per-share cash dividend of approximately RMB 0.32 [6][7] Group 2 - The repurchased shares, totaling 19,906,252 A shares, do not participate in the profit distribution, which aligns with the regulations set forth by the Shanghai Stock Exchange [5][6] - The calculation of the ex-rights and ex-dividend reference price indicates a minimal impact on the stock price, with the absolute value of the impact being less than 1% [7][8] - The legal opinion emphasizes that the repurchased shares will not affect the distribution of dividends and confirms the legality and accuracy of the distribution plan [2][4][6]

Core Viewpoint - The legal opinion letter addresses the differentiated equity distribution and special ex-rights and ex-dividend treatment for Zhongman Petroleum and Natural Gas Group Co., Ltd. for the year 2024, ensuring compliance with relevant Chinese laws and regulations [1][4][8]. Group 1: Background of Share Buybacks - In June 2022, Zhongman Petroleum approved a share buyback plan, allowing the repurchase of 5 to 8 million shares at a maximum price of RMB 23.00 per share [4][5]. - By October 26, 2022, the company had repurchased 5,457,900 shares at prices ranging from RMB 21.12 to RMB 22.86, totaling approximately RMB 119.99 million [5]. - In October 2023, a new buyback plan was approved, allowing the repurchase of 1.5 to 3 million shares at a maximum price of RMB 30.95 per share [6]. Group 2: Differentiated Equity Distribution Plan - The differentiated equity distribution plan is necessitated by the discrepancy between the total share capital and the actual shares participating in the distribution due to the buyback [8]. - The proposed cash dividend for 2024 is RMB 3.00 per 10 shares, with adjustments based on the number of shares held in the buyback account [8][9]. - As of July 3, 2025, the total share capital is 462,338,461 shares, with 3,994,300 shares in the buyback account, resulting in 458,344,161 shares eligible for distribution [9]. Group 3: Calculation of Ex-rights and Ex-dividend Reference Price - The ex-rights and ex-dividend reference price is calculated as (previous closing price - cash dividend) / (1 + change in circulating shares ratio), with the previous closing price being RMB 19.85 [9][10]. - The calculated reference price impact from the differentiated distribution is minimal, approximately 0.0133% [10]. - The legal opinion concludes that the differentiated equity distribution complies with relevant laws and does not harm the interests of the company or its shareholders [10].

Group 1 - The core point of the article is the verification opinion of Everbright Securities regarding Jiangsu Huahai Chengke New Materials Co., Ltd.'s differentiated equity distribution and special ex-rights and ex-dividend matters [1][6] - The reason for the differentiated dividend distribution is the company's plan to repurchase shares using its own funds and special loan funds, with a maximum repurchase price of RMB 50 million within 12 months [1][2] - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares (including tax) to shareholders based on the total share capital after deducting shares in the repurchase account, resulting in a total cash dividend distribution of approximately RMB 16.06 million [2][3] Group 2 - The actual number of shares in the repurchase account increased from 391,455 to 460,567, leading to an adjustment in the cash dividend per share from RMB 0.20 to RMB 0.2002, with a total profit distribution amounting to approximately RMB 16.06 million [3][4] - The company will not change the number of circulating shares as the profit distribution only involves cash dividends and does not include capital reserve transfers or stock dividends, resulting in a circulating share change ratio of 0 [4][5] - The ex-rights and ex-dividend reference price is calculated based on the last closing price minus the actual cash dividend, resulting in a reference price of approximately RMB 81.1298 per share [5][6] Group 3 - The differentiated equity distribution meets the condition that the absolute impact on the ex-rights and ex-dividend reference price is less than 1% [6] - The verification opinion from the sponsor institution indicates that the differentiated dividend distribution complies with relevant laws and regulations, and does not harm the interests of the company and all shareholders [6]

Group 1 - The legal opinion letter is issued by Beijing Global Law Firm Shanghai Branch regarding Jiangsu Zhongtian Technology Co., Ltd.'s differentiated equity distribution for the year 2024 [2][3] - The differentiated equity distribution is based on the company's total share capital of 3,412,949,652 shares, deducting the repurchased shares of 18,910,100, resulting in 3,394,039,552 shares eligible for profit distribution [6][7] - The company plans to distribute a cash dividend of 3.00 yuan (including tax) for every 10 shares held, with no stock bonus or capital reserve conversion [6][8] Group 2 - The company has approved a share repurchase plan with a total fund of no less than 50 million yuan and no more than 100 million yuan, aimed at implementing an employee stock ownership plan [4][5] - The repurchase of shares will be conducted through centralized bidding and is set to be completed within 12 months from the board's approval date [4][5] - The legal opinion confirms that the differentiated equity distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [8]

Core Viewpoint - The legal opinion letter regarding the differentiated equity distribution of Heilongjiang Transportation Development Co., Ltd. confirms that the distribution plan complies with relevant laws and regulations, ensuring no harm to the company and all shareholders' interests [10]. Group 1: Background and Legal Framework - Heilongjiang Transportation Development Co., Ltd. commissioned a legal opinion based on the Company Law, Securities Law, and relevant regulations regarding the differentiated equity distribution for the 2024 profit allocation [2][4]. - The company held a board meeting on October 27, 2021, where it approved a share repurchase plan, allowing for the repurchase of up to 11 million shares within 12 months [5][6]. Group 2: Differentiated Equity Distribution Plan - As of June 30, 2025, the company repurchased a total of 10,408,656 shares, representing 0.79% of the total share capital, which affects the profit distribution base [6][7]. - The profit distribution plan states that for every 10 shares held, a cash dividend of 0.071 yuan will be distributed, based on the adjusted number of shares eligible for profit distribution [7][8]. Group 3: Calculation and Impact - The reference price for the ex-rights and ex-dividend calculation is determined by subtracting the cash dividend from the previous closing price, resulting in an adjusted price of approximately 3.439 yuan per share [8][9]. - The impact of the differentiated equity distribution on the reference price is minimal, with an absolute change of less than 1% [9]. Group 4: Conclusion - The legal opinion concludes that the differentiated equity distribution is in accordance with the Company Law, Securities Law, and other relevant regulations, ensuring the protection of shareholder interests [10].

Core Viewpoint - The legal opinion issued by Guangdong Xinda Law Firm confirms that the differentiated equity distribution plan proposed by Oppein Home Group Co., Ltd. for the year 2024 complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [1][7]. Group 1: 2024 Annual Equity Distribution Plan - Oppein Home plans to distribute a cash dividend of 2.48 RMB per share (tax included) to all shareholders, based on the total share capital after deducting shares held in the company's repurchase account [2][3]. - The company will maintain the per-share distribution ratio even if there are changes in total share capital due to convertible bonds, share repurchases, or other significant asset restructuring [3]. Group 2: Reasons for Differentiated Dividend - The company has completed a share repurchase of 2,301,460 shares for a total amount of approximately 249.95 million RMB, in accordance with the previously disclosed repurchase plan [3][4]. - The repurchase was executed within the stipulated timeframe and adhered to the original plan without discrepancies [4]. Group 3: Calculation Basis for the Dividend - The reference price for ex-dividend trading is calculated based on the formula: (previous closing price - cash dividend) / (1 + change in circulating shares ratio) [5]. - The actual ex-dividend reference price is determined to be 53.40 RMB per share, with a minimal impact of 0.0187% on the reference price due to the differentiated dividend distribution [5]. Group 4: Conclusion - The legal opinion concludes that the differentiated dividend distribution aligns with the Company Law, Securities Law, and other relevant regulations, confirming that it does not harm the interests of the company or its shareholders [7].

Group 1 - The core point of the article is the differentiated equity distribution plan proposed by Shenyang Fuchuang Precision Equipment Co., Ltd., which involves a share buyback using excess funds and a cash dividend distribution to shareholders [1][2][5] - The company plans to repurchase shares at a price not exceeding RMB 120 per share, with a total repurchase amount between RMB 140 million and RMB 280 million within 12 months from the board's approval [1][2] - As of June 27, 2025, the company holds 1,666,183 shares in its repurchase account, which does not participate in profit distribution or capital reserve conversion [2][5] Group 2 - The company has approved a cash dividend of RMB 1.50 per 10 shares (including tax) for the fiscal year 2024, based on the total share capital minus the shares held in the repurchase account [2][3] - The calculation for the ex-dividend reference price is based on the formula that considers the previous closing price and the cash dividend, ensuring that the impact of the differentiated equity distribution on the reference price is less than 1% [3][4] - The actual ex-dividend reference price calculated is approximately RMB 52.1500 per share, with a negligible impact from the differentiated equity distribution [4][5] Group 3 - The sponsor, CITIC Securities, has verified that the differentiated equity distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [5]

Core Viewpoint - The legal opinion letter from Beijing Hairun Tianwei Law Firm confirms that Zhejiang Aoxiang Pharmaceutical Co., Ltd.'s differentiated equity distribution complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [5]. Group 1: Reasons for Differentiated Equity Distribution - On January 24, 2025, the company’s board approved a plan to repurchase shares using its own and/or raised funds through centralized bidding, intending to use the repurchased shares for equity incentives and/or employee stock ownership plans [2][3]. - The total amount for the repurchase is set between RMB 50 million and RMB 100 million, with a maximum repurchase price of RMB 14 per share, and the repurchase period is 12 months from the board's approval date [3]. Group 2: Specifics of the Differentiated Equity Distribution Plan - The profit distribution plan involves a cash dividend of RMB 0.10 per share (including tax), totaling RMB 82,829,774.50 (including tax), based on a total share capital of 830,297,145 shares, excluding the repurchased shares [3]. - The total number of shares eligible for distribution is 828,297,745, and there will be no capital reserve conversion to share capital or bonus shares issued this year [3]. Group 3: Calculation Basis for the Differentiated Equity Distribution - The calculation for the ex-rights and ex-dividend reference price is based on the last closing price of RMB 8.74 per share, adjusted for the cash dividend [3]. - The impact on the ex-rights and ex-dividend reference price is calculated to be less than 1%, indicating a minimal effect on the stock price [4].