Zheng Quan Zhi Xing·2025-07-21 10:38Core Points - The company announced a cash dividend of RMB 0.28 per share (including tax) for A shares [1][2] - The dividend distribution plan was approved at the annual general meeting on May 29, 2025 [1][2] - The record date for the dividend is July 25, 2025, with the ex-dividend date also on July 28, 2025 [1][4] Dividend Distribution Details - The total number of A shares eligible for the dividend is 14,008,645,848 shares after excluding 115,303,000 shares held in the company's repurchase account [2][3] - The calculation for the ex-dividend reference price is based on the formula: (previous closing price - cash dividend) + (subscription price × change in circulating shares) / (1 + change in circulating shares) [2][3] - The actual cash dividend per share remains approximately RMB 0.28 after calculations [2] Tax Implications - Individual shareholders holding shares for over one year are exempt from personal income tax on the dividend, while those holding for one year or less will have tax withheld based on their holding period [5] - For qualified foreign institutional investors (QFII) and renminbi qualified foreign institutional investors (RQFII), a 10% withholding tax applies, resulting in a net dividend of RMB 0.252 per share [6][7] - Hong Kong investors will also face a 10% withholding tax, with the same net dividend of RMB 0.252 per share, and they can apply for tax treaty benefits if applicable [7]