CAERI adjusts capital, governance, and proposes dividend

China Automotive Engineering Research Institute Co., Ltd. (CAERI) has announced a reduction in registered capital by 1,125,700 yuan, following the repurchase and cancellation of 1,125,700 restricted shares. This adjustment revises the total registered capital to 1,003,054,887 yuan and the total share count to 1,003,054,887 shares. Concurrently, the company is set to abolish its board of supervisors, transferring its functions to the board of directors' audit committee to streamline governance.

The company's board has approved a Q3 2025 profit distribution plan, proposing a cash dividend of 0.10 yuan (tax included) per share, totaling 100,305,488.70 yuan. This represents 15.06% of the Q3 2025 net profit attributable to listed company shareholders and is within the authority granted by the 2024 annual general meeting. Additionally, CAERI is proceeding with the second unlocking period for its third phase restricted stock incentive plan, releasing 4,173,210 shares for 331 eligible employees.

These changes are part of broader revisions to the company's articles of association and other internal policies, which will be submitted for approval at the upcoming 2025 third extraordinary general meeting on November 14, 2025. This comprehensive overhaul aims to align CAERI with current legal requirements, enhance corporate governance, and optimize its capital structure and dividend policy.