Xingfa Chem(SH:600141) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-12 03:52Core Points - The company announced a cash dividend of 1.00 RMB per share (including tax) for the fiscal year 2024, approved at the annual shareholders' meeting on April 24, 2025 [2][3][4] - The total cash dividend distribution amounts to 1,103,255,194 RMB (including tax), based on the total share capital of 1,103,255,194 shares [4] - The adjusted conversion price for the company's convertible bonds will be 28.40 RMB per share, effective from June 20, 2025, following the dividend distribution [10][13] Dividend Distribution Details - 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 registration date [3][4] - The distribution method includes direct payment to shareholders who have completed designated transactions, while those who have not will have their dividends held by the clearing company until the transaction is completed [5][6] - Tax implications for individual shareholders vary based on the holding period, with different tax rates applied for different durations [7][8] Convertible Bond Adjustments - The conversion price for the company's convertible bonds was adjusted from 29.40 RMB to 28.40 RMB per share due to the cash dividend distribution [10][12][13] - The adjustment follows the company's bond issuance regulations, which stipulate that the conversion price must be adjusted in the event of cash dividend distributions [11][12] - The bonds will be suspended from conversion from June 11, 2025, to June 19, 2025, and will resume conversion on June 20, 2025 [14]