Core Viewpoint - The company, South Chip Semiconductor Technology Co., Ltd., has announced a differentiated cash dividend distribution plan, with a cash dividend of 0.20 RMB per share, approved at the 2024 annual shareholders' meeting on May 26, 2025 [1][2]. Dividend Distribution Plan - The total number of shares eligible for the dividend distribution is 423,950,022 shares after deducting 1,752,889 shares held in the repurchase account, resulting in a total cash dividend payout of 84,790,004.40 RMB (including tax) [2]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares for the 2024 fiscal year [1][2]. Reference Price Calculation - The ex-dividend reference price is calculated as follows: Ex-dividend reference price = (Previous closing price - Cash dividend) / (1 + Change in circulating shares ratio). Since there is no change in circulating shares, the change ratio is 0 [2]. Implementation Dates - Key dates for the dividend distribution include the record date, ex-dividend date, and cash dividend payment date [3]. Dividend Payment Process - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the record date. Shareholders who have not completed designated transactions will have their dividends held until the transaction is completed [3]. Tax Implications - For individual shareholders holding unrestricted circulating shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net cash dividend of 0.20 RMB per share [4]. - For shareholders holding shares for less than one month, a 20% tax rate applies, leading to a net cash dividend of 0.16 RMB per share after tax [5]. - For foreign institutional investors, a 10% withholding tax applies, resulting in a net cash dividend of 0.18 RMB per share [6][7].
南芯科技: 2024年年度权益分派实施公告