002045SZSE

Three-Year (2026-2028) Shareholder Return Plan

GUOGUANG ELECTRIC COMPANY LIMITED·

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Guoguang Electric Co., Ltd. has established a Three-Year (2026-2028) Shareholder Return Plan to enhance shareholder rights. The plan prioritizes cash dividends, aiming for at least 10% of distributable profits annually, with cumulative cash dividends not less than 30% over three years. Dividend proportions will vary based on development stage and capital expenditure needs, ranging from 20% to 80%. Stock dividends may be issued if the stock price is misaligned with market capitalization.

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Three-Year (2026-2028) Shareholder Return Plan

To further protect and guarantee the rights and interests of shareholders in asset returns, Guoguang Electric Co., Ltd. (hereinafter referred to as the "Company") has formulated this Three-Year (2026-2028) Shareholder Return Plan (hereinafter referred to as the "Plan") based on the "Supervision Guidelines for Listed Companies No. 3 – Cash Dividends of Listed Companies" issued by the China Securities Regulatory Commission, the "Articles of Association" regarding profit distribution, and considering the Company's operating conditions, financial status, and business development. The specific content is as follows:

I. Three-Year (2026-2028) Shareholder Return Plan

  1. Company Profit Distribution Methods: The Company will distribute dividends in the form of cash, stock, or a combination thereof. The Company will prioritize cash dividend distribution.
  2. Cash Dividend Payout Ratio: Provided that the specific conditions and proportions for cash dividends stipulated in the "Articles of Association" are met, and in the absence of major investment plans or significant cash expenditures, the Company will distribute annually at least 10% of the distributable profits attributable to the parent company shareholders in cash. Over the most recent three years, the cumulative cash dividends distributed will not be less than 30% of the average annual distributable profits realized over the same period.
  3. Cash Dividend Proportion: The Board of Directors shall comprehensively consider factors such as the industry characteristics, development stage, business model, profitability, and the existence of significant capital expenditure arrangements. Differentiated cash dividend policies will be proposed based on the following circumstances, in accordance with the procedures stipulated in the Company's Articles of Association:
    • ① For companies in a mature development stage with no significant capital expenditure arrangements, cash dividends shall account for at least 80% of the profit distribution for the current period.
    • ② For companies in a mature development stage with significant capital expenditure arrangements, cash dividends shall account for at least 40% of the profit distribution for the current period.
    • ③ For companies in a growth development stage with significant capital expenditure arrangements, cash dividends shall account for at least 20% of the profit distribution for the current period. If a company's development stage is not easily distinguishable but it has significant capital expenditure arrangements, it may be handled according to the preceding provision. The Company's Board of Directors will determine the specific development stage at the time of actual dividend distribution based on the specific circumstances.

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