Zheng Quan Zhi Xing·2025-07-16 16:11Core Viewpoint - The announcement details the profit distribution plan for China Petroleum & Chemical Corporation (Sinopec Shanghai Petrochemical Company Limited) for the fiscal year 2024, which was approved at the annual shareholders' meeting on June 11, 2025. The plan includes a cash dividend of RMB 0.02 per share, with a total distribution amounting to RMB 210,852,350, based on the adjusted total share capital after the cancellation of repurchased shares [1][2]. Distribution Plan - The cash dividend distribution is based on a total share capital of 10,542,617,500 shares after the cancellation of 36,264,000 H shares [2]. - The cash dividend of RMB 0.02 per share (including tax) will be distributed to shareholders registered by the equity registration date of July 23, 2025 [2][3]. - The distribution dates are as follows: equity registration date on July 23, 2025, last trading day on July 24, 2025, and ex-dividend date also on July 24, 2025 [2]. Taxation Policy - For individual shareholders holding A shares, the cash dividend will be subject to differentiated personal income tax policies based on the holding period. No tax will be withheld for shares held for one year or less, while different rates apply for shorter holding periods [3][6]. - Qualified Foreign Institutional Investors (QFII) will receive a net cash dividend of RMB 0.018 per share after a 10% withholding tax [5][6]. - Hong Kong market investors through the Shanghai-Hong Kong Stock Connect will also receive a net cash dividend of RMB 0.018 per share after the same withholding tax [6][7]. Implementation Method - The cash dividends for unrestricted circulating shares will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch, with specific instructions for shareholders who have completed designated transactions [2][3]. - Shareholders who have not completed designated transactions will have their dividends held by the China Securities Depository and Clearing Corporation until the transactions are completed [2].