Summary by Futu AI
GUANGZHOU AUTOMOBILE GROUP CO., LTD. (“GUANGBAO GROUP”, STOCK CODE 02238) UPDATED ITS ANNOUNCEMENT ON 20 MAY 2024 AND DECLARED A FINAL DIVIDEND OF RMB 0.1 PER SHARE FOR THE YEAR ENDED 31 DECEMBER 2023. The final dividend was approved by the shareholders on the same day and provided relevant information and updated exchange rates from the Hong Kong Registry of Accounts. The dividend amount will be exchanged at an exchange rate of RMB 1 to HK$1.09924. The net dividend distribution date is set for June 3, 2024, and the closing date for filing of share transfer documents is 4:30pm on June 4, 2024. The record date is 12 June 2024 and the dividend will be distributed on 21 June 2024. Under Chinese law, Guangxi Group will pay a 10% to 20% income tax deduction to non-resident company shareholders and investors through Shanghai Stock and HK Stock Exchange. The Executive Directors of Guangfeng Group include Zeng Qinghong and Feng Xing Ya, and non-executive directors include Chen Xiaomou and others.