Core Viewpoint - The legal opinion letter issued by Shanghai Tongli Law Firm confirms that Shandong Shanda Electric Technology Co., Ltd. has obtained all necessary approvals and qualifications for its initial public offering (IPO) and listing on the Shenzhen Stock Exchange's Growth Enterprise Market (GEM) [1][10]. Group 1: Approval and Authorization for Listing - The company held a temporary shareholders' meeting on July 22, 2022, where it approved the proposal for the IPO and listing on GEM [2]. - On May 6, 2023, the company further revised its proposals and authorized the board to handle the IPO matters [2]. - The Shenzhen Stock Exchange's Listing Review Committee approved the company's IPO application on April 10, 2025 [3]. - The China Securities Regulatory Commission granted approval for the company's IPO registration on May 5, 2025 [4]. - The Shenzhen Stock Exchange issued a notice on July 21, 2025, confirming the listing of the company's ordinary shares on GEM, with the stock name "Shanda Electric" and stock code "301609" [6]. Group 2: Company's Qualifications - The company is a legally established joint-stock limited company, having been in continuous operation since its establishment on April 12, 2001 [7]. - The company holds a valid business license issued by the Shandong Provincial Administration for Industry and Commerce [8]. Group 3: Substantive Conditions for Listing - The company has a total share capital of RMB 122.16 million before the IPO, with 40.72 million shares to be issued, resulting in a post-IPO share capital of RMB 162.88 million, exceeding the required RMB 30 million [9]. - The company reported net profits of RMB 100.51 million and RMB 121.99 million for the years 2023 and 2024, respectively, meeting the profitability requirements for listing [9]. - The company's controlling shareholder and actual controller have committed to not transferring or managing their shares for 36 months post-listing [9]. Group 4: Sponsorship and Commitment - The IPO is sponsored by Industrial Securities Co., Ltd., which is registered with the China Securities Regulatory Commission and meets the requirements of the listing rules [12]. - The company has signed a sponsorship agreement with Industrial Securities, outlining the rights and obligations during the IPO and ongoing supervision [12].

Group 1 - The company, Shandong Shanda Electric Power Technology Co., Ltd., has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and listing on the Growth Enterprise Market [1] - The total number of shares to be publicly issued is 40.72 million, accounting for 25% of the total share capital after the issuance [1] - The issuance will involve a combination of strategic placement, offline inquiry placement, and online issuance to public investors [1] Group 2 - Before the adjustment mechanism is activated, the initial offline issuance quantity is 24.23 million shares, representing 70% of the issuance quantity after deducting the initial strategic placement [2] - The initial online issuance quantity is 10.38 million shares, accounting for 30% of the issuance quantity after deducting the initial strategic placement [2] - The final issuance quantities for both offline and online will be determined based on the adjustment situation and will be disclosed in the preliminary placement results announcement on July 16, 2025 [2] Group 3 - The company and its sponsor will hold an online roadshow to provide investors with information about the company and the issuance arrangements [2] - The online roadshow is scheduled for July 11, 2025, from 14:00 to 17:00 [2] - Participants in the roadshow will include key members of the company's management and relevant personnel from the sponsor [2]

Group 1 - The company has established and improved the system for the shareholders' meeting, board of directors, supervisory board, independent directors, and board secretary, ensuring compliance with relevant laws and regulations [1][2][3][4][5][6] - The company has held a total of 38 shareholders' meetings since its establishment, adhering to legal requirements and internal regulations [1] - The board of directors consists of 9 members, including 3 independent directors, and has held 58 board meetings, all in compliance with legal and regulatory standards [2][3] - The supervisory board is composed of 3 members, including 2 shareholder representatives and 1 employee representative, and has conducted 30 meetings since the company's establishment [3] - The independent directors play a significant role in enhancing the corporate governance structure and ensuring the protection of minority shareholders' rights [5] - The board secretary has been actively involved in organizing meetings and ensuring compliance with legal and regulatory requirements, contributing to the company's governance structure [6]

Group 1: Investor Relations Management - The company has established an information disclosure management system to ensure that disclosures are true, accurate, complete, and timely, in accordance with relevant laws and regulations [2][3] - The company has set up various communication channels for investors, including phone, website, fax, and email, to enhance communication and understanding between the company and its investors [2][3] - The company plans to actively manage investor relations post-IPO, ensuring fair treatment of all investors and compliance with legal requirements [2][3] Group 2: Dividend Distribution Decision Process - The board of directors will carefully consider the timing, conditions, and minimum ratio for cash dividends, with proposals requiring approval from more than half of the board members before being submitted to the shareholders' meeting [3][4] - The supervisory board will oversee the execution of the cash dividend policy and ensure compliance with decision-making procedures and information disclosure [3][4] - Shareholder meetings will actively communicate with minority shareholders to gather their opinions and address their concerns regarding dividend proposals [3][4] Group 3: Shareholder Voting Mechanism - The company has established a shareholder voting mechanism in accordance with regulatory requirements, including provisions for cumulative voting for the election of directors and the collection of voting rights [4][5] - A separate counting mechanism for minority investors will be implemented for significant matters affecting their interests, with results disclosed promptly [4][5] - The company will facilitate participation in shareholder meetings through both in-person and online voting options, ensuring transparency in the voting process [4][5]

Core Viewpoint - The company has established a public opinion management system to enhance its ability to respond to various public opinions, ensuring timely and effective handling of issues that may impact its stock prices, reputation, and normal operations [2][3]. Group 1: General Principles - The public opinion management system aims to protect investors' rights and interests by addressing negative or misleading media reports, rumors, and information that could affect the company's stock and derivatives [2]. - Public opinion is categorized into major public opinion, which significantly impacts the company's image or operations, and general public opinion, which is less severe [2]. Group 2: Organizational Structure and Responsibilities - The company has formed a public opinion management working group led by the chairman, with the board secretary as the deputy leader, to coordinate responses to public opinion crises [3]. - Subsidiary heads are responsible for managing public opinion related to their units and must report issues through established channels [3]. Group 3: Information Handling Principles and Measures - The company emphasizes quick response and coordinated communication during public opinion crises, ensuring consistent messaging and transparency to avoid speculation [5][6]. - Major public opinion incidents require the working group to convene and decide on appropriate measures, including investigations, communication with media, and investor engagement [6][7]. Group 4: Confidentiality Obligations and Accountability - All internal personnel and external consultants must maintain confidentiality regarding public opinion issues and their handling, with potential legal consequences for breaches that harm the company's reputation or stock prices [7]. - The company reserves the right to pursue legal action against external parties that disseminate false or misleading information affecting its public image [7].

Group 1 - The core viewpoint of the news is that Beijing Yubang Power Technology Co., Ltd. is implementing a differentiated equity distribution plan for the 2024 profit distribution, which involves a cash dividend and a capital reserve increase [1][2][5] - The reason for the differentiated equity distribution is due to the company's share repurchase plan, which will not allow the repurchased shares to participate in the profit distribution [2][3] - The proposed plan includes a cash dividend of 1.53 RMB per 10 shares and a capital reserve increase of 4 shares for every 10 shares held, with a total cash dividend amounting to 34,026,448.77 RMB, accounting for 30.57% of the net profit attributable to shareholders [2][4] Group 2 - As of May 26, 2025, the total share capital of the company is 247,101,384 shares, with 24,706,195 shares in the repurchase account, resulting in 222,395,189 shares eligible for the profit distribution [2][4] - The adjusted total cash dividend amount is 34,026,463.92 RMB, and the total capital increase is adjusted accordingly [4] - The impact of the differentiated equity distribution on the ex-dividend reference price is calculated to be approximately 3.05% based on the closing price of 10.70 RMB per share [4]

Core Viewpoint - Beijing Yupont Electric Technology Co., Ltd. has announced adjustments to its 2024 profit distribution plan, including cash dividends and capital reserve transfers to shareholders, due to changes in the total share capital resulting from the conversion of convertible bonds [2][5][24]. Summary by Sections Profit Distribution and Capital Reserve Transfer Plan - The company plans to distribute a cash dividend of RMB 1.53 per 10 shares (including tax), with the total cash dividend amount adjusted from RMB 34,026,448.77 to RMB 34,026,463.92 [2][24]. - The capital reserve transfer will remain at 4 shares for every 10 shares held, with the total number of shares to be transferred adjusted from 88,958,036 to 88,958,076 [2][24]. - The adjustments are due to the conversion of 99 shares from the convertible bond "Yupont Convertible Bond," increasing the total share capital from 247,101,285 shares to 247,101,384 shares [2][5][24]. Adjustments to the Profit Distribution Plan - The actual number of shares participating in the profit distribution has changed from 222,395,090 to 222,395,189 due to the conversion of convertible bonds [5][6]. - The adjusted total cash dividend amount remains consistent with the per-share distribution, while the total number of shares for capital reserve transfer has been updated accordingly [5][6][24]. Share Capital Structure - After the adjustments, the total share capital will increase to 336,059,460 shares post-distribution [7][13]. - The company will maintain the cash dividend per share and the transfer ratio while adjusting the total amounts based on the new share capital [5][6][24]. Relevant Dates and Procedures - The cash dividend and capital reserve transfer will be executed based on the shareholding records as of June 20, 2025 [22][29]. - The company will ensure that shares held in the repurchase account do not participate in the profit distribution or capital reserve transfer [11][24].

Group 1: Company Performance and Financials - The company's revenue for 2024 increased by 13.06% year-on-year [3] - In Q1 2025, the company achieved significant growth in performance, primarily due to increased revenue from the Lingwu electric boiler project [3] - The company reported that Dongying Longyuan achieved revenue of 36.83 million yuan and a profit of 4.06 million yuan in 2024 [4] Group 2: Strategic Plans and Development Goals - In 2025, the company plans to enhance technology research and development, improve project management, and optimize organizational efficiency to meet operational goals [2] - The company aims to leverage national strategies for the new energy system and focus on the "14th Five-Year Plan" to drive high-quality development [3] - The company is committed to advancing coal power technology, including deep peak regulation and new energy storage solutions [3] Group 3: Investor Relations and Market Position - The company emphasizes the importance of investor relations and transparency in information disclosure to enhance market confidence [5] - Despite strong Q1 performance, the company's market value has remained stable due to various external economic factors [4] - The company is focused on value management and maintaining a stable cash dividend policy to reward shareholders [5] Group 4: Challenges and Future Outlook - The company is addressing past challenges related to the molten salt thermal storage project that impacted gross margins [3] - There are currently no plans for asset integration with major shareholders, and any future plans will be disclosed in accordance with legal requirements [4] - The management expresses confidence in achieving growth targets for 2025 through increased R&D investment and improved project profitability [5]