The Board of Directors and all directors of the Company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents.
Wolong Electric Drive Group Co., Ltd. (hereinafter referred to as "the Company" or“ Wolong electric drive ”）On April 25, 2024 and May 20, 2024, respectively, the sixth meeting of the ninth board of directors and the 2023 annual general meeting of shareholders reviewed and passed the Proposal on the Profit Distribution Plan for 2023. The company plans to take the total share capital of the company on the date of equity distribution and equity registration as the base number (the shares in the repurchase special securities account will not participate in the distribution), A cash dividend of RMB 1 (tax included) will be distributed to all shareholders for every 10 shares. This profit distribution is based on the total share capital registered on the equity registration date of equity distribution minus the number of shares in the company's special account for repurchase. If the total share capital of the company changes before the equity registration date of equity distribution, the company plans to maintain the distribution per share unchanged at 0.1 yuan, and adjust the total distribution accordingly. For details, please refer to the Announcement of Wolong Electric Drive on Profit Distribution Plan in 2023 (Announcement No.: Lin 2024-026) and Announcement of Wolong Electric Drive on Resolution of 2023 Annual General Meeting of Shareholders (Announcement No.: Lin 2024-044) disclosed by the company on April 29, 2024 and May 21, 2024.
The Company held the third interim meeting of the eighth session of the Board of Directors on February 7, 2021, deliberated and passed the Proposal on the Scheme of Repurchasing the Company's Shares by Centralized Bidding, and held the first extraordinary general meeting of shareholders in 2021 on February 23, 2021, deliberated and passed the Proposal on the Scheme of Repurchasing the Company's Shares by Centralized Bidding one by one (hereinafter referred to as "2021 Share Repurchase Plan"), the company implemented the repurchase for the first time on March 1, 2021. The company has repurchased 16300500 shares through centralized bidding transactions, and the total amount of funds paid was 190077747.80 yuan (excluding transaction costs). The company's 2021 share repurchase plan has been completed.
Among them, 10632000 shares have been transferred to the incentive object account for the first and reserved grant of restricted stocks under the incentive plan for stock options and restricted stocks in 2021 without trading. For details, see the Announcement on the Results of the First Grant of Restricted Stocks under the Incentive Plan for Stock Options and Restricted Stocks in 2021 of Wolong Electric Drive (No.: Lin 2021-092) disclosed by Shanghai Stock Exchange And the Announcement on the Results of Reserved Granting of Restricted Stocks in Wolong Electric Drive's 2021 Stock Option and Restricted Stock Incentive Plan (Announcement No.: Lin 2022-081).
The Company held the fourth interim meeting of the ninth session of the Board of Directors on January 23, 2024, at which the Proposal on the Scheme of Repurchasing the Company's Shares by Centralized Bidding Trading (hereinafter referred to as the "2024 Share Repurchase Scheme") was reviewed and approved. The company implemented repurchase for the first time on January 30, 2024. The company has repurchased 4255700 shares accumulatively through centralized bidding transaction, and paid a total of 50005227.14 yuan (excluding transaction costs). The 2024 share repurchase plan of the company has not been completed.
On June 20, 2024, the company completed the repurchase and cancellation procedures of 2.949 million restricted shares that had been granted to incentive objects of the 2021 stock option and restricted stock incentive plan but did not meet the conditions for lifting the restrictions on sales. After the cancellation, the company's total capital stock changed from 1311240126 shares to 1308291126 shares. For details, please refer to Wolong Electric Drive's Announcement on the Implementation of Restrict Stock Repurchase and Cancellation of 2021 Stock Option and Restricted Stock Incentive Plan (Announcement No.: Lin 2024-047) disclosed by the company on June 18, 2024.
Based on the above situation, it is estimated that as of the equity registration date of equity distribution in 2023, the total share capital of the company will be 1308291126 shares, and 9924200 shares will be held in the special account for repurchase of the company (account number: B883864258).
The company intends to maintain the dividend proportion of each share distribution unchanged. According to the above situation and the relevant provisions of the Articles of Association, it will distribute a cash dividend of RMB 1 (tax included) for every 10 shares to other shareholders (except the special account for repurchase of 1298366926 shares in total) registered after the closing of the equity registration date determined in the announcement on the implementation of equity distribution, Based on this calculation, the total amount of cash dividends to be distributed is adjusted to 129836692.60 yuan.
It is hereby announced.
Wolong Electric Drive Group Co., Ltd
Board of Directors
June 21, 2024
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