Core Viewpoint - The article discusses the obligations of domestic companies in China regarding withholding corporate income tax when making payments to foreign entities for services rendered, emphasizing the conditions under which such tax must be withheld [1][2]. Group 1: Tax Withholding Obligations - Non-resident enterprises in China must self-declare and pay corporate income tax on income sourced from within China if they have established a presence in the country [1]. - If a non-resident enterprise does not have a presence in China, the domestic payer is responsible for withholding tax on income sourced from China [1][2]. Group 2: Determining Tax Liability - The determination of whether a non-resident enterprise has a taxable presence in China includes assessing if it has established any institutions or places of business within the country [2][3]. - Income sourced from China is categorized based on the nature of the income, such as sales of goods or provision of services, and is determined by the location of the transaction or service [3][4]. Group 3: Common Scenarios - Payments made to foreign companies for services may fall into two categories: 1. If the foreign entity sends personnel to provide services in China, withholding tax is required; if services are provided outside China, no withholding tax is necessary [5]. 2. If the payment is for the use of intellectual property rights, such as patents or trademarks, it constitutes "royalty income," which also requires withholding tax [6]. Group 4: Payment Reporting Requirements - Domestic entities making payments to foreign entities exceeding the equivalent of $50,000 must report these payments to the local tax authority [7].

Core Viewpoint - Henglin Home Furnishing Co., Ltd. announced a cash dividend distribution of 0.72 RMB per share for the fiscal year 2024, approved at the annual shareholders' meeting on May 16, 2025 [1][2]. Distribution Plan - The total number of shares for the dividend distribution is 139,067,031, resulting in a total cash dividend payout of 100,128,262.32 RMB [2]. - The distribution is applicable to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration [1][2]. Implementation Dates - Specific dates related to the dividend distribution are not provided in the document [5]. Distribution Method - Cash dividends will be distributed through the clearing system of China Securities Depository and Clearing Corporation Limited, with shareholders who have designated trading able to receive their dividends on the payment date [3]. - For shareholders who have not designated trading, dividends will be held by the clearing company until they complete the necessary procedures [3]. Taxation Information - Individual shareholders holding shares for over one year are exempt from personal income tax on dividends, receiving the full 0.72 RMB per share [7]. - For shares held for one year or less, the tax will be calculated upon transfer, with a potential tax burden of 20% for shares held for one month or less [7]. - Qualified Foreign Institutional Investors (QFIIs) will have a 10% withholding tax applied, resulting in a net dividend of 0.648 RMB per share [8]. - Hong Kong investors will also face a 10% withholding tax, with the same net dividend of 0.648 RMB per share [9]. Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the company's board office at 0572-5227673 [10].