Key Points - The company adjusted the maximum repurchase price per share from RMB 22.88 to RMB 22.66 after the annual equity distribution for 2024 [1][2] - The adjustment takes effect from June 17, 2025, which is the date of the annual equity distribution [1][2] - The total repurchase fund is set between RMB 10 million and RMB 20 million, with an estimated repurchase quantity of approximately 442,600 shares at the lower limit and 882,600 shares at the upper limit, representing 0.29% and 0.58% of the total share capital respectively [4][5] Repurchase Plan Details - The company plans to use its own funds for the repurchase of shares through centralized bidding, aiming to reduce its registered capital [1][2] - The cash dividend distributed is RMB 2.2 per 10 shares, totaling RMB 33,240,900 [2][3] - The repurchase price adjustment formula accounts for the cash dividend and any changes in circulating shares, but since only cash dividends are distributed, the circulating shares remain unchanged [3]

Core Viewpoint - The legal opinion letter from Beijing Jincheng Tongda Law Firm confirms that the differentiated equity distribution plan of Beijing World Diamond Tools Co., Ltd. complies with relevant laws and regulations, ensuring that the interests of the company and its shareholders are not harmed [1][8]. Group 1: Reasons for Differentiated Equity Distribution - The company plans to repurchase shares using its own funds through centralized bidding on the Shanghai Stock Exchange, with a total repurchase amount between RMB 10 million and RMB 20 million, and a maximum repurchase price of RMB 23 per share [4][5]. - Due to the implementation of the 2024 semi-annual equity distribution, the maximum repurchase price has been adjusted to RMB 22.88 per share, and as of May 26, 2025, the company has repurchased a total of 902,828 shares [5][6]. - The shares held in the repurchase account do not participate in profit distribution, resulting in a need for differentiated equity distribution due to discrepancies between total share capital and the number of shares eligible for distribution [5][6]. Group 2: Specific Plan for Differentiated Equity Distribution - The company proposes to distribute a cash dividend of RMB 2.2 per 10 shares (including tax) to all shareholders, without capital reserve transfers or stock bonuses, with undistributed profits carried forward to the next year [6][7]. - The actual cash dividend per share is calculated to be RMB 0.22 (including tax), and the total number of shares participating in the distribution is 151,095,000 shares [6][7]. Group 3: Impact on Ex-Dividend Price - The reference price for ex-dividend is calculated as RMB 21.09 per share based on actual distribution, with no change in circulating shares [7]. - The virtual distribution cash dividend is approximately RMB 0.21869 per share, leading to a negligible impact on the ex-dividend reference price, which is calculated to be RMB 21.09131 per share [7]. - The absolute impact of the differentiated equity distribution on the ex-dividend reference price is less than 1%, complying with regulatory requirements [7][8].

Core Viewpoint - Beijing World Diamond Tools Co., Ltd. has announced a differentiated cash dividend distribution plan, with a cash dividend of 0.22 RMB per share for shareholders [1][4]. Dividend Distribution Plan - The company will distribute a cash dividend of 2.2 RMB for every 10 shares held, with no capital reserve fund conversion or bonus shares issued [1][2]. - The total number of shares eligible for the dividend is based on the total share capital minus shares held in the company's repurchase account [1][2]. - The cash dividend will be distributed to all shareholders registered by the end of the trading day on the equity registration date [1][2]. Tax Implications - For individual shareholders holding unrestricted shares for over one year, the dividend income is exempt from personal income tax [3][4]. - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution; tax will be calculated based on the holding period when the shares are sold [4]. - The actual cash dividend after tax for shareholders holding shares for less than one month is 0.176 RMB per share, while for those holding between one month and one year, it is 0.198 RMB per share [4][5]. Implementation Details - The cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders who have registered their designated trading accounts [2][6]. - Shareholders who have not designated a trading account will have their dividends held by the clearing company until they complete the necessary procedures [2][6].

Core Viewpoint - The announcement details the shareholding structure and the planned share reduction by significant shareholders of Beijing World Diamond Tools Co., Ltd, indicating a potential liquidity event for the company [1][2][3]. Shareholding Structure - As of the announcement date, shareholder Chen Tao holds 933,800 shares (0.61% of total shares), shareholder Li Qinghua holds 502,236 shares (0.33%), and shareholder Peng Kun holds 412,104 shares (0.27%). These shareholders are considered concerted actors of actual controllers Chen Jifeng and Yang Nuo [1][2][3]. Reduction Plan Details - The shareholders plan to reduce their holdings as follows: - Chen Tao: Up to 300,000 shares (0.20% of total shares) [3][4]. - Li Qinghua: Up to 200,000 shares (0.13% of total shares) [3][4]. - Peng Kun: Up to 412,104 shares (0.27% of total shares) [3][4]. - The reduction will occur through centralized bidding from June 19, 2025, to September 18, 2025 [3][4]. Shareholding Source and Reason for Reduction - All shares intended for reduction were acquired before the IPO, and the reason for the reduction is personal funding needs [3][4]. Previous Reduction Activities - The last reduction activities by the concerted actors included: - Chen Tao reduced 66,402 shares (0.06%) between August 24, 2022, and November 30, 2022, at prices ranging from 39.59 to 49.60 yuan per share [3]. - Peng Kun reduced 19,500 shares (0.02%) during the same period at prices between 40.73 and 41.18 yuan per share [3]. Compliance and Commitments - The planned reductions are consistent with previous commitments made by the shareholders regarding their shareholding behavior post-IPO, ensuring compliance with relevant regulations [4].

Core Viewpoint - The legal opinion letter from Beijing Jincheng Tongda Law Firm confirms the legality of the procedures and results of the 2024 annual shareholders' meeting of Beijing World Diamond Tools Co., Ltd. [1][8] Group 1: Meeting Procedures - The shareholders' meeting was convened following the announcement made by the board of directors on April 22, 2025, in compliance with relevant laws and regulations [3][4]. - The meeting utilized a combination of on-site and online voting methods, with specific time slots for voting outlined [5]. - The actual time, location, and method of the meeting matched the details provided in the meeting notice [5]. Group 2: Attendance and Qualifications - A total of 69 ordinary shareholders attended the meeting, holding 58,902,996 voting rights, which represents 38.9840% of the total voting rights [6]. - The qualifications of the attendees and the convenor (the board of directors) were verified to be in accordance with relevant laws and regulations [6]. Group 3: Agenda and Voting Results - The meeting reviewed a total of 8 proposals, all of which were approved, and the proposals were consistent with those announced in the meeting notice [7]. - The voting process was conducted in accordance with legal requirements, and the results were publicly announced after combining on-site and online votes [7][8]. - The legal opinion confirms that all aspects of the meeting, including the agenda and voting procedures, complied with applicable laws and regulations [8].

Core Viewpoint - The announcement details the listing and circulation of restricted shares for Beijing World Diamond Tools Co., Ltd., with a total of 7,576,728 shares set to be released on April 30, 2025, representing 4.98% of the company's total share capital [1][2]. Summary by Sections 1. Listing of Restricted Shares - The company is issuing restricted shares to specific investors, with a total of 7,576,728 shares to be listed for circulation [1]. - The shares will be available for trading starting from April 30, 2025 [2]. 2. Changes in Share Capital - As of September 29, 2022, the company's total share capital increased from 95,089,743 shares to 95,417,203 shares due to the registration of 327,460 shares from an incentive plan [2]. - On November 4, 2022, the company issued 14,163,757 shares, raising the total share capital to 109,580,960 shares [2]. - Following the annual equity distribution on May 26, 2023, the total share capital rose to 153,413,344 shares after adding 37,796,487 unrestricted shares and 6,035,897 restricted shares [3]. - On October 10, 2024, the company canceled 1,415,516 shares, reducing the total share capital to 151,997,828 shares [3]. 3. Shareholder Commitments - Shareholders Zhang Sulai and Zhong Shujin have committed to a 12-month lock-up period for the newly acquired shares, with conditions for unlocking based on performance metrics [4][7]. - The performance commitments include achieving net profits of at least 47.66 million yuan, 53.07 million yuan, 53.05 million yuan, and 65.22 million yuan for the years 2021 to 2024, respectively, totaling no less than 219 million yuan [7]. 4. Performance Commitment Fulfillment - As of the announcement date, the shareholders have fulfilled their commitments, with the cumulative net profit exceeding the promised amount by 8.15% [11]. - The market value of the equity held by shareholders as of December 31, 2024, was assessed at 767.44 million yuan, indicating no impairment of the equity [12][13]. 5. Verification by Intermediaries - The independent financial advisor confirmed that the shareholders have adhered to their lock-up commitments and that the listing of restricted shares complies with relevant regulations [14].