Shareholder Return Plan for the Next Three Years (2026-2028)
In order to further standardize and improve the scientific, sustainable, and stable return planning and mechanisms of Huaming Power Equipment Co., Ltd. (hereinafter referred to as "the Company"), actively reward investors, effectively protect the legitimate rights and interests of public investors, and guide investors to establish long-term and rational investment concepts, the Company's board of directors has formulated the "Shareholder Return Plan for the Next Three Years (2026-2028)" based on the requirements of relevant documents such as the China Securities Regulatory Commission's "Guidelines for the Supervision of Listed Companies No. 3 - Cash Dividends of Listed Companies" and "Notice on Further Implementing Cash Dividends of Listed Companies," while comprehensively considering various factors including the Company's strategic development goals and operational planning. The specific content is as follows:
1. Factors Considered in Formulating This Plan
The Company focuses on long-term and sustainable development, establishing a continuous, stable, and scientific return plan and mechanism for investors based on comprehensive considerations of the Company's operational development, industry development trends, shareholder willingness, social capital costs, and external financing environment. Clear institutional arrangements for profit distribution are made to ensure the continuity and stability of the profit distribution policy.
2. Principles for Formulating This Plan
This plan will be formulated under the premise of complying with relevant laws and regulations and the "Articles of Association" of the Company, fully emphasizing reasonable returns for investors, maintaining the continuity and stability of the Company's profit distribution policy, while also considering the long-term interests of the Company, the overall interests of all shareholders, and the actual operating conditions and sustainable development of the Company in the current year. The Company should fully consider and listen to the opinions of shareholders (especially small and medium shareholders) and independent directors during the research, demonstration, and decision-making process of the profit distribution policy.
3. Specific Shareholder Return Plan for the Next Three Years (2026-2028)
(1) Form of Profit Distribution:
The Company will distribute dividends in cash or a combination of cash and stock; under certain conditions, the Company may conduct interim cash dividends. When choosing the method of profit distribution, the Company will prioritize cash dividends over stock dividends.
(2) Interval of Profit Distribution:
In principle, the Company will conduct a cash dividend after the annual shareholders' meeting is approved each year. The board of directors may propose interim cash dividends based on the Company's profitability and funding needs.