Core Viewpoint - Inner Mongolia North Heavy Industries Group Co., Ltd. announced a cash dividend of 0.316 CNY per share for its A-shares, approved during the 2024 annual shareholders' meeting held on May 16, 2025 [1][2]. Summary by Sections Dividend Distribution - The cash dividend distribution is based on a total share capital of 170,000,000 shares, resulting in a total cash distribution of approximately 53.72 million CNY [1]. - The dividend will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on July 10, 2025 [1]. Important Dates - The key dates for the dividend distribution are as follows: - Record date: July 10, 2025 - Last trading day: July 11, 2025 - Ex-dividend date: July 11, 2025 [1]. Taxation on Dividends - For individual shareholders, the cash dividend of 0.316 CNY per share will not have income tax withheld at the time of distribution. Tax will be calculated based on the holding period when the shares are sold [2][3]. - The tax rates for individual shareholders based on holding periods are: - 20% for holding periods of 1 month or less - 10% for holding periods between 1 month and 1 year - Exempt for holding periods over 1 year [3]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will apply, resulting in a net cash dividend of 0.2844 CNY per share [4][6]. Consultation - Shareholders with inquiries regarding the dividend distribution can contact the company's securities department at 0472-2642244 [6].
北方股份: 内蒙古北方重型汽车股份有限公司2024年年度权益分派实施公告