Summary by Futu AI
China Merchants Bank (share code: 03968) updated its announcement on 31 May 2024 and announced that it will distribute a final dividend for the year ended 31 December 2023 with a dividend of RMB 1.972 per share. The shareholder approval date is June 25, 2024, and the net date is set for July 3, 2024. THE DEADLINE FOR SUBMISSION OF SHARE TRANSFER DOCUMENTS IS 4:30 P.M. ON JULY 4, 2024, AND SHARE TRANSFER REGISTRATION WILL BE SUSPENDED ON JULY 10, 2024. THE DIVIDEND DATE AND THE COMPANY'S DEFAULT DISTRIBUTION CURRENCY ARE STILL TO BE ANNOUNCED. In addition, the tax rate on dividends for non-residents (not registered addresses in the Mainland of China) and Shanghai Stock Exchange investors is 10%, while Hong Kong Stock Exchange investors have a 20% tax rate. For detailed tax information, please refer to the Company's 2023 Annual Results Announcement issued on March 25, 2024.