Shang Hai Zheng Quan Bao·2025-06-05 19:22Core Points - The company announced a cash dividend distribution of 0.40 yuan per share for the fiscal year 2024, approved at the annual shareholders' meeting on May 9, 2025 [2][4] - The total cash dividend to be distributed amounts to approximately 558 million yuan, based on a total share capital of 1,395,022,307 shares [4] Distribution Plan - The cash dividend 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 day before the dividend record date [3] - The distribution will be executed through the clearing system of the China Securities Depository and Clearing Corporation, with shareholders able to receive their dividends at their designated securities firms on the payment date [5] Taxation Details - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net distribution of 0.40 yuan per share [9] - For shares held for less than one year, the company will not withhold personal income tax at the time of distribution, but tax will be calculated based on the holding period when shares are sold [10] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net dividend of 0.36 yuan per share [10] Compensation Obligations - The company has a performance compensation obligation totaling approximately 262 million yuan due to unmet performance commitments from a previous asset acquisition, which will involve the repurchase and cancellation of shares [11] - The cash dividends associated with these repurchased shares, amounting to approximately 11 million yuan, will be returned to the company after the repurchase is completed [11][12]