Xin Lang Cai Jing·2026-01-09 19:44Core Viewpoint - The announcement details the implementation of the 2025 interim profit distribution plan for China Merchants Bank, which includes a cash dividend of RMB 1.013 per share for A-share shareholders, totaling approximately RMB 255.48 billion in cash dividends [1][3]. Distribution Plan - The distribution year is set for the first half of 2025 [2]. - The recipients of the cash dividends are all A-share shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [2]. - The total number of ordinary shares before the distribution is 25,219,845,601, with A-shares accounting for 20,628,944,429 shares [3]. Implementation Method - Cash dividends for A-shares will be distributed through the clearing system of China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders who have completed designated transactions [4][5]. - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [5]. Taxation Details - For individual A-share shareholders and securities investment funds, no personal income tax will be withheld at the time of dividend distribution. The actual tax burden will depend on the holding period of the shares [6]. - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net dividend of RMB 0.9117 per share [7]. - For investors participating in the Shanghai-Hong Kong Stock Connect, a similar 10% withholding tax applies, also resulting in a net dividend of RMB 0.9117 per share [8]. - Other A-share shareholders classified as resident enterprises under the Corporate Income Tax Law will self-declare and pay taxes, receiving the full cash dividend of RMB 1.013 per share [9].