Tower Group: Expecting the high dividend situation to continue.

On May 21st, Ta Pai Group stated during a reception agency inspection that by the end of April this year, the company had implemented the annual dividend plan for 2025, distributing a cash dividend of 4.80 yuan for every 10 shares, with a high dividend ratio of 89%, addressing the concerns of investors regarding long-term stable returns. Our dividend plan will expire this year, and considering the current operating situation and limited future capital expenditure of the company, it is expected that similar attractive dividend plans will continue to be launched in the future. Properly increasing the dividend ratio can improve the dividend yield of the company's stocks, enhance the attractiveness of the company's stocks, attract patient capital holding, and based on the company's limited capital expenditure, sufficient cash flow, and the increasingly strict regulatory requirements on cash dividends, not only the dividend ratio but also the frequency of dividends need to be increased, and mid-term dividends may need to be added in the future. It is expected that the situation of high dividends can be sustained.