DSBJ (02384.HK): Controlling Shareholders Propose RMB1bn 2026 Returns

NewTimeSpace News: On 3 November 2026, Suzhou Dongshan Precision Manufacturing Co., Ltd. (stock code: 02384; A shares: 002384.SZ) announced that it had received a proposal letter on shareholder returns for the next three years from Mr. Yuan Yonggang and Mr. Yuan Yongfeng, members of its controlling shareholders.

The controlling shareholders proposed that, provided the Company meets the conditions for profit distribution, has no major investment or significant cash outlay beyond its established plans and its sustainable operation and long-term development are not affected, total shareholder returns for the 2026 fiscal year should be no less than RMB1 billion, comprising cash dividends and amounts from share repurchases conducted by way of offers or centralized competitive bidding with cash consideration that may be deemed equivalent to cash dividends under applicable laws. If results keep growing in 2027 and 2028, they recommend raising the total returns for those years progressively on the 2026 base in light of actual operations.

The controlling shareholders have undertaken to vote in favour of the relevant resolutions at the shareholders' meeting. The Company said the Board will study the proposal and formulate a feasible plan, and will comply with the approval and disclosure requirements. It cautioned that the proposal reflects only the controlling shareholders' view, is not a Board resolution, and remains subject to uncertainty pending approval by the Board and the shareholders' meeting.