Fengle Seed Industry: The cash Dividend profit for each of the next three years shall be no less than 10% of the distributable profit realized in that year.

On November 13th, Jin10 Data reported that Fengle Seed Industry announced its shareholder return plan for 2024 to 2026. The plan aims to ensure the continuity and stability of the company’s profit distribution, and values reasonable returns for investors. The company will distribute profits in cash, stocks, or a combination of cash and stocks. When conditions for cash dividends are met, cash dividends will be given priority, and the annual profit of cash dividends will not be less than 10% of the distributable profit for the current year. Depending on the company’s development stage and capital expenditure arrangements, the proportion of cash dividends can be as low as 20% to 80%. In addition, if the company is operating well, it will also consider distributing stock dividends. The plan will take effect after being approved at the shareholders’ meeting.