Core Viewpoint - The announcement details the expected daily related transactions for the year 2025 by Hangzhou Rewei Electric Heating Technology Co., Ltd, emphasizing that these transactions are necessary for normal business operations and will not affect the company's independence or create dependency on related parties [1][2]. Summary of Related Transactions - The board of directors approved the expected daily related transactions for 2025 without requiring a shareholders' meeting, with independent director Hu Chunrong abstaining from the vote [1][2]. - The independent directors confirmed that the expected transactions align with the company's operational needs and that the decision-making process is legal and effective, ensuring fair pricing and settlement [2]. - The expected amount for related transactions in 2025 is set at 18 million yuan, which constitutes 1.80% of the total expected procurement of raw materials for the year [2]. Previous Related Transactions - The previous year's expected related transactions and actual execution were reviewed, with a notable transaction involving the purchase of raw materials from Zhejiang Wanliyang New Materials Co., Ltd [2]. - The actual amount for 2024 was 5.69 million yuan, with no significant discrepancies reported [2]. Related Parties and Relationships - Zhejiang Wanliyang New Materials Co., Ltd is a wholly-owned subsidiary of Zhejiang Wanliyang Co., Ltd, with independent director Hu Chunrong serving on its board, establishing a clear related party relationship [3][4]. - The company has confirmed that Zhejiang Wanliyang New Materials Co., Ltd has a good credit standing and is capable of fulfilling its obligations [4]. Transaction Details and Pricing Policy - The expected related transactions primarily involve the procurement of raw materials necessary for the company's operations [5]. - The pricing for these transactions will be based on market prices and industry practices, ensuring fairness and preventing harm to the interests of the company and its shareholders [5]. Purpose and Impact of Related Transactions - The expected related transactions are deemed essential for the company's operational and business development needs, adhering to principles of fairness and reasonableness [5]. - The transactions will not compromise the company's independence, and the main business operations will not become reliant on related parties [5]. Verification by Sponsoring Institution - The sponsoring institution has verified that the related transactions have been properly reviewed and approved by the board and supervisory committee, with independent directors having conducted a special meeting to discuss the transactions [5].

Core Viewpoint - The legal opinion issued by Zhejiang Liuhe Law Firm confirms that Hangzhou Rewei Electric Heating Technology Co., Ltd. has obtained the necessary approvals for the repurchase and cancellation of part of its restricted stock, in accordance with relevant laws and regulations [2][4][6]. Group 1: Authorization and Approval - The company has obtained necessary approvals for the repurchase and cancellation of restricted stocks as per the proposals regarding the adjustment of the repurchase price and the cancellation of part of the restricted stocks [4][6]. - The legal opinion states that the repurchase and cancellation comply with the Company Law, Securities Law, and relevant management regulations [4][6]. Group 2: Reasons for Repurchase and Cancellation - The repurchase and cancellation of restricted stocks are due to one incentive object leaving the company, resulting in the cancellation of 65,448 shares that were granted but not yet released from restrictions [5][6]. - The company plans to repurchase a total of 68,427 shares from 83 individuals, which includes the shares from the aforementioned incentive object [6][7]. Group 3: Repurchase Price - The repurchase price for the restricted stocks is set at 11.55 yuan per share, which will be adjusted to 10.85 yuan per share after accounting for a cash dividend of 0.70 yuan per share [7][8]. - The adjustment method for the repurchase price is outlined, ensuring that the adjusted price remains positive [8]. Group 4: Conclusion - The legal opinion concludes that the reasons, quantity, and price for the repurchase and cancellation of restricted stocks are in compliance with the relevant regulations and that necessary business registration changes need to be processed [8].

Core Points - The company announced a cash dividend of 0.70 CNY per share for its A shares, totaling 281,786,076.60 CNY based on a total share capital of 402,551,538 shares [1][2] - The dividend distribution plan was approved at the annual general meeting held on April 29, 2025 [1] - Key dates for the dividend distribution include the record date on May 15, 2025, the last trading day on May 16, 2025, and the ex-dividend date also on May 16, 2025 [2] Dividend Distribution Details - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the record date [2] - Shareholders who have not completed designated trading will have their dividends held by the China Securities Depository and Clearing Corporation until they complete the necessary trading [2] - Specific shareholders, including Xiamen Brook Investment Co., Ltd., will receive their dividends directly from the company [2] Taxation Information - Individual shareholders holding unrestricted shares for over one year will not be subject to personal income tax on the dividend, receiving the full 0.70 CNY per share [4] - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution, also resulting in a payout of 0.70 CNY per share [4] - For shareholders with restricted shares, a 10% withholding tax will apply, resulting in a net dividend of 0.63 CNY per share [5][6]

网上路演公告 杭州热威电热科技股份有限公司 首次公开发行股票并在主板上市 保荐人（主承销商）：海通证券股份有限公司 杭州热威电热科技股份有限公司（以下简称"发行人"、"热威股份"、"公 司"）首次公开发行人民币普通股并在主板上市（以下简称"本次发行"）的申 请已于2023年6月9日经上海证券交易所上市审核委员会审议通过，并已经中国证 券监督管理委员会同意注册（证监许可〔2023〕1482号）。 本次发行采用网下向符合条件的投资者询价配售（以下简称"网下发行"） 和网上向持有上海市场非限售A股股份和非限售存托凭证市值的社会公众投资 者定价发行（以下简称"网上发行"）相结合的方式进行。 海通证券股份有限公司（以下简称"海通证券"或"保荐人（主承销商）"） 担任本次发行的保荐人（主承销商）。发行人和保荐人（主承销商）将通过网下 初步询价确定发行价格，网下不再进行累计投标询价。 本次拟公开发行新股4,001.0000万股，占发行后发行人总股本的10.00%。回 拨机制启动前，网下初始发行数量为2,800.7000万股，占本次公开发行数量的 70.00%，网上初始发行数量为1,200.3000万股，占本次公开发行数量的 ...