Chemexpress: Shareholder Dividend Return Plan for the Next Three Years
Chemexpress announced that the company has formulated a shareholder dividend return plan for the next three years. The company's profit distribution may take the form of cash, stock, a combination of cash and stock, or other legally permitted methods. For any conditions that meet cash dividend criteria, cash dividends should be prioritized for profit distribution; if profits are distributed in cash and the company still has distributable profits, and the board believes that issuing stock dividends is beneficial to the overall interests of all shareholders, the company may adopt stock dividends for profit distribution. If the company has no significant capital expenditure arrangements within the next 12 months and meets the cash dividend criteria, it should first use cash for profit distribution, with the cumulative cash profit distribution each year being no less than 15% of the distributable profits achieved in the consolidated financial statements for that year. If the company is in a mature development stage and has no significant capital expenditure arrangements, the proportion of cash dividends in that profit distribution should reach at least 80%; if the company is in a mature development stage but has significant capital expenditure arrangements, the proportion of cash dividends in that profit distribution should reach at least 40%; if the company is in a growth stage but has significant capital expenditure arrangements, or if the company's development stage is difficult to distinguish but has significant capital expenditure arrangements, the proportion of cash dividends in that profit distribution should reach at least 20%
