Summary by Futu AI
CHINA FOREIGN TRANSPORT CO., LTD. (SINOTRANS) UPDATED ON MAY 17, 2024 ITS ANNOUNCEMENT OF THE FINAL DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2023. The company announced that an ordinary dividend of RMB 0.145 will be distributed per share and has received shareholder approval on June 7, 2024. The dividend amount will be converted at an exchange rate of RMB 1 to HK$0.9224. The net dividend distribution is scheduled for June 12, 2024, and the closing date for filing of share transfer documents is 4:30 p.m. on June 13, 2024. Share transfer registration will be suspended on 20 June 2024 and the dividend date will be 22 July 2024. Under Chinese law, the company will deduct 10% income tax for H shareholders with a registered address not in the Mainland of China, and 20% income tax will be deducted for individual residents with a registered address in the Mainland of China. THE COMPANY REMINDS INVESTORS THAT THE COMPANY WILL NOT BE LIABLE FOR ANY DISPUTES OR LOSSES ARISING FROM THE FAILURE TO ESTABLISH OR IMPROPERLY ASCERTAIN THE IDENTITY OF THE SHAREHOLDER IN A TIMELY MANNER.