Summary by Futu AI
Guangzhou Automobile Group Co., Ltd. (Guangzhou Automobile Group) announced on June 4, 2024 that it will implement the 2023 annual equity distribution plan. According to the plan, the company will distribute a cash dividend of RMB 0.1 per share based on a total share capital of 10,486,911,038 shares, with a total distribution of approximately RMB 1.049 billion. The distribution plan was approved at the annual shareholders' meeting on May 20, 2024. The record date for A-share shareholders is June 12, 2024, and the ex-dividend date and cash dividend payment date are both June 13, 2024. Guangzhou Automobile Group will distribute dividends to shareholders through the fund settlement system of China Securities Depository and Clearing Corporation (Shanghai) and carry out tax treatment for different types of shareholders. H-shares cash dividends will be distributed in Hong Kong dollars after conversion according to exchange rates.