Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-28 23:18Core Points - The company announced a cash dividend of 0.6 yuan per share for the fiscal year 2024, totaling approximately 1.41 billion yuan [2][4][16] - The dividend distribution plan was approved at the annual shareholders' meeting on April 10, 2025 [2][4] - The record date for the dividend distribution is June 6, 2025, with the ex-dividend date set for June 9, 2025 [16][17] Dividend Distribution Plan - The total share capital for the dividend distribution is 2,475,151,360 shares, with 124,611,522 shares in the repurchase account excluded, resulting in 2,350,539,838 shares eligible for the dividend [4][17] - The cash dividend will not include stock bonuses or capital reserve transfers [4][6] - The calculated cash dividend per share, after considering the total share capital, is 0.57 yuan [6][17] Tax Implications - For individual shareholders holding unrestricted shares for over one year, the dividend income is exempt from personal income tax, resulting in a net cash dividend of 0.6 yuan per share [9][10] - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution, but tax will be calculated upon sale of the shares [9][10] - For foreign institutional investors, a 10% withholding tax will apply, resulting in a net cash dividend of 0.54 yuan per share [10][11] Convertible Bond Adjustment - The conversion price for the company's convertible bonds will be adjusted from 8.08 yuan to 7.51 yuan per share due to the dividend distribution [12][16][17] - The adjustment will take effect on June 9, 2025, coinciding with the ex-dividend date [17] - The convertible bonds will be suspended from conversion from May 28, 2025, until June 6, 2025, and will resume conversion on June 9, 2025 [12][17]