Summary of Key Points Core Viewpoint - The company Zhongrong Electric (301031) has announced its profit distribution plan for the fiscal year 2024, which includes cash dividends and stock bonuses for shareholders [2][4]. Trading Information - As of May 23, 2025, Zhongrong Electric's stock closed at 119.14 yuan, down 2.66%, with a turnover rate of 1.79%, a trading volume of 8,539 lots, and a transaction amount of 103 million yuan [1]. - On the same day, the fund flow showed a net outflow of 3.1154 million yuan from institutional investors and a net outflow of 56,800 yuan from retail investors, while retail investors had a net inflow of 3.1722 million yuan [2][4]. Company Announcement - The profit distribution plan approved at the shareholders' meeting on May 12, 2025, includes: - A cash dividend of 6.5 yuan (tax included) per 10 shares, totaling approximately 42.91 million yuan [2][4]. - A stock bonus of 4.8 shares for every 10 shares held, resulting in a total increase of 31.69 million shares [2][4]. - The record date for the distribution is May 29, 2025, and the ex-dividend date is May 30, 2025 [2][4]. - Cash dividends will be directly credited to shareholders' accounts on May 30, 2025 [2].

Group 1 - The company held its 2024 annual general meeting, where the profit distribution plan for 2024 and the mid-term cash dividend proposal for 2025 were approved [1] - The profit distribution plan involves a cash dividend of 6.5 RMB per 10 shares and a capital reserve increase of 4.8 shares for every 10 shares held [2][3] - The total number of shares before the distribution is 66,277,427, and after the capital reserve increase, it will be 97,965,023 shares [6] Group 2 - The record date for the distribution is set for May 29, 2025, and the ex-dividend date is May 30, 2025 [3] - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the record date [3] - The company will adjust the minimum selling price for certain shareholders based on the profit distribution implementation [3]

Group 1 - The legal opinion letter is issued for the 2024 annual general meeting of shareholders of Xi'an Zhongrong Electric Co., Ltd. [1] - The meeting was convened by the company's third board of directors and the notice was published on May 8, 2025 [3][4] - The meeting combined both online and on-site voting methods, with specific time slots for online voting [4][5] Group 2 - A total of 51 shareholders attended the meeting, representing 34,481,611 shares, which is 52.0262% of the total shares [5][6] - The qualifications of the attendees were verified, confirming compliance with relevant laws and regulations [6][7] - The board of directors disclosed all proposals for the meeting, ensuring no new proposals were introduced [7][8] Group 3 - Voting was conducted through a named voting process, and results were announced immediately after the voting concluded [9][10] - The voting results showed a high level of agreement on the proposals, with percentages of approval reaching up to 99.9962% for several items [9][10] - The legal opinion concludes that the meeting's procedures and resolutions are valid and comply with applicable laws and regulations [10]

Group 1 - The company Xi'an Zhongrong Electric Co., Ltd. approved a share buyback plan on July 9, 2024, with a total funding amount between 20 million to 40 million yuan, aimed at employee stock ownership plans or equity incentives [1] - The initial buyback price limit was set at 100 yuan per share, which was later adjusted to 99.42 yuan per share starting July 17, 2024, and further to 99.32 yuan per share from September 27, 2024 [1] - The implementation period for the buyback plan is 12 months from the date of board approval [1] Group 2 - As of April 30, 2025, the company had not conducted any share buybacks in April, with a cumulative total of 261,600 shares repurchased, although the total share capital percentage was not disclosed [2] - The company's share buyback activities have complied with regulations regarding timing, pricing, and trading periods, ensuring no buybacks occurred during sensitive periods that could affect stock prices [3] - The company plans to continue the buyback based on market conditions within the designated timeframe and will disclose information in accordance with regulations [3]