Shang Hai Zheng Quan Bao·2025-07-08 18:26Core Viewpoint - The company announced a cash dividend distribution of 0.309 CNY per share for the fiscal year 2024, totaling approximately 1.115 billion CNY to be distributed among shareholders [2][3]. Distribution Plan - The cash dividend distribution plan was approved at the company's annual shareholders' meeting on May 26, 2025 [2]. - The total number of shares for the distribution is based on 3,607,500,000 shares [3]. - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the record date [2]. Implementation Details - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited [6]. - Shareholders who have not completed designated trading will have their dividends held by the clearing company until the trading is completed [6]. - The company will directly distribute cash dividends to its subsidiary, Huayang New Materials Technology Group Co., Ltd. [6]. Taxation Information - For individual shareholders holding unrestricted circulating shares, the cash dividend will not be subject to personal income tax at the time of distribution, with the actual cash dividend being 0.309 CNY per share [6][7]. - The tax burden varies based on the holding period: 20% for holdings of one month or less, 10% for holdings between one month and one year, and no tax for holdings over one year [7]. - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of 0.2781 CNY per share [7][8].