RED DRAGONFLY(SH:603116) Shang Hai Zheng Quan Bao·2025-06-04 21:15Core Viewpoint - Zhejiang Hongqingtian Shoe Industry Co., Ltd. announced a cash dividend of 0.25 CNY per share for the 2024 fiscal year, approved at the annual shareholders' meeting on May 19, 2025 [1][3]. Distribution Plan - The dividend distribution is for the fiscal year 2024, targeting all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the day before the equity registration date [2]. - The total number of shares eligible for the dividend is 565,825,782 after excluding 10,375,018 shares held in the company's repurchase account, resulting in a total cash dividend payout of 141,456,445.50 CNY [3]. Dividend Calculation - The cash dividend of 0.25 CNY per share is inclusive of tax, and there will be no capital reserve conversion into additional shares or stock bonuses [3]. - The reference price for ex-dividend trading will be calculated as the previous closing price minus the virtual cash dividend of 0.2455 CNY per share [6]. Implementation Method - Cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, with shareholders who have completed designated transactions able to receive their dividends on the payment date [7]. - Specific shareholders, including Hongqingtian Group Co., Ltd. and the first employee stock ownership plan, will receive dividends directly from the company [8]. Taxation Information - Individual shareholders holding shares for over one year will be exempt from personal income tax on dividends, while those holding for less than one month will have their dividends fully taxed [9]. - For Qualified Foreign Institutional Investors (QFII), a 10% withholding tax will apply, resulting in a net dividend of 0.225 CNY per share [10]. - Hong Kong Stock Connect investors will also face a 10% withholding tax, with a net dividend of 0.225 CNY per share [11].