SHHG(SH:603131) Shang Hai Zheng Quan Bao·2025-06-03 18:14Core Points - The company announced a cash dividend distribution of 0.012 CNY per share for the fiscal year 2024, approved at the shareholders' meeting on May 16, 2025 [2][4][15] - The total cash dividend to be distributed amounts to approximately 3.82 million CNY based on the total share capital of 317,991,057 shares [4][15] - The cash dividends will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [3][4] Distribution Plan - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation, with shareholders who have designated trading able to receive their dividends on the payment date [5] - Certain shareholders, including specific individuals and companies, will receive their cash dividends directly from the company [6] Tax Implications - For individual shareholders and securities investment funds, dividends are subject to different tax treatments based on the holding period, with those holding shares for over one year exempt from individual income tax [9] - Qualified Foreign Institutional Investors (QFIIs) will have a 10% withholding tax applied to their dividends, resulting in a net dividend of 0.0108 CNY per share [10][11] - Other institutional investors will not have taxes withheld by the company, and they will receive the full dividend of 0.012 CNY per share [11] Convertible Bond Adjustment - The company announced an adjustment to the conversion price of its convertible bonds ("沪工转债") due to the cash dividend distribution, with the new conversion price set at 21.09 CNY per share, effective from June 10, 2025 [17][18] - The conversion of the bonds will be suspended from June 3 to June 9, 2025, and will resume on June 10, 2025 [14][17]