Summary by Futu AI
Agricultural Bank of China Co., Ltd. (Agricultural Bank) updated its announcement on May 21, 2024, announcing that it will pay a final dividend for the year ended December 31, 2023. Each 10 shares will be distributed at RMB 2.309 (RMB) and exchanged for 1 RMB at an exchange rate of 1.0970565971 HKD. The dividend is scheduled for 28 June 2024 and shareholders are required to submit share transfer documents by 4:30pm on 31 May 2024 to qualify for the dividend distribution. The net date is 30 May 2024 and the record date is 6 June 2024. The tax rate involved in the deduction of dividends will vary depending on the type of shareholder, with a tax rate of 10% or 20% for non-residents (not registered addresses in the Mainland of China), 20% for HK investors and 10% for HCM investors. For detailed tax information, please refer to the Notice of Results of the General Meeting of Shareholders dated 21 May 2024.