BAOFENG ENERGY(SH:600989) Zheng Quan Zhi Xing·2025-09-01 10:20Core Points - The company announced a cash dividend of 0.28 CNY per share for its A shares [1][2] - The dividend distribution plan was approved at the annual general meeting on April 2, 2025 [1][2] - The key dates for the dividend distribution include the record date on September 5, 2025, and the ex-dividend date on September 8, 2025 [1][3] Dividend Distribution Details - The profit distribution is based on the total share capital minus the shares held in the company's repurchase account, with a cash dividend of 2.8 CNY for every 10 shares held [2] - The total cash dividend to be distributed amounts to approximately 2,036.37 million CNY [2] - The calculation for the ex-dividend reference price is based on the formula: (previous closing price - cash dividend) / (1 + change in circulating shares ratio) [2] Implementation of Dividend Distribution - Cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch to shareholders registered by the record date [3] - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [3] - The company will not withhold individual income tax for shareholders holding shares for over one year, while those holding for less than one year will have tax calculated upon share transfer [5][6] Tax Implications - For individual shareholders holding shares for less than one month, the actual tax burden is 20% on the dividend income [5] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax on dividends, resulting in a net dividend of 0.252 CNY per share [6] - Other institutional investors are responsible for their own tax obligations, with a pre-tax dividend of 0.28 CNY per share [6]