Hongfa(SH:600885) Zheng Quan Zhi Xing·2025-06-10 11:16Core Viewpoint - The announcement details the implementation of the profit distribution and capital increase plan for Hongfa Technology Co., Ltd. for the year 2024, which includes a cash dividend and a stock bonus for shareholders [1][2]. Summary by Sections Profit Distribution and Capital Increase Plan - The total share capital before the distribution is 1,042,676,386 shares, with a cash dividend of 0.51500 CNY per share (tax included) and a capital increase of 0.4 shares per share from capital reserves [2][4]. - The plan was approved at the annual general meeting on April 21, 2025 [1]. Important Dates - The record date for the cash dividend is June 18, 2025, with the last trading day and ex-dividend date both on June 19, 2025 [3][4]. Implementation Method - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the record date [4][5]. - Shareholders who have not completed designated transactions will have their dividends held until such transactions are completed [4]. Taxation Information - For individual shareholders, the tax treatment varies based on the holding period, with a maximum tax rate of 20% for shares held for less than one month and a reduced rate of 10% for shares held between one month and one year [5][6]. - For qualified foreign institutional investors (QFII), a 10% withholding tax applies, resulting in a net cash dividend of 0.4635 CNY per share [5][6]. Changes in Share Capital Structure - After the capital increase, the total number of shares will rise to 1,459,746,940 shares, with the number of unrestricted circulating shares increasing significantly [8]. - The diluted earnings per share for the fiscal year 2024 is projected to be 1.12 CNY based on the new total share capital [8]. Adjustment of Convertible Bonds - The conversion price for the company's convertible bonds will be adjusted from 32.32 CNY per share to 22.72 CNY per share, effective from the ex-dividend date [8].