Huafa Properties(SH:600325) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-05 04:51Core Points - The company announced a cash dividend distribution of 0.02 CNY per share for the first half of 2025, approved at the sixth extraordinary shareholders' meeting on September 1, 2025 [1][3][15] - The total number of shares eligible for the dividend distribution is 2,726,432,116 shares, resulting in a total cash dividend payout of approximately 54.53 million CNY [3][16] - The ex-dividend date is set for September 11, 2025, with the adjusted maximum repurchase price for shares being reduced to 9.71 CNY per share [14][16] Dividend Distribution Details - The cash dividend 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 day before the equity registration date [2][3] - The company will not distribute dividends to shares held in the repurchase special account, totaling 25,720,000 shares [2] - The cash dividend will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited [6][7] Tax Implications - For individual shareholders, the cash dividend will not be subject to withholding tax at the time of distribution; tax will be calculated based on the holding period upon the sale of shares [8][10] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net cash dividend of 0.018 CNY per share [10] - Hong Kong investors participating through the Stock Connect will also face a 10% withholding tax, with the same net cash dividend of 0.018 CNY per share [10] Share Repurchase Program - The company has a share repurchase program with a total budget between 300 million CNY and 600 million CNY, with the maximum repurchase price adjusted to 9.71 CNY per share due to the dividend distribution [13][16] - The adjusted maximum repurchase price will take effect from September 11, 2025, and the number of shares to be repurchased is estimated to be between approximately 30.9 million and 61.8 million shares [16]