Summary by Futu AI
Bank of China Limited (03988.HK) updated its announcement on June 7, 2024, recommending the dividend distribution for the year ending December 31, 2023. The final dividend for that period is RMB 2.364 per 10 shares, with an approved date of June 28, 2024 by shareholders. The ex-dividend date is set to July 8, 2024, and the transfer of shares will be suspended on July 16, 2024, to meet the requirements for obtaining the dividend distribution. The dividend payment date is August 5, 2024. In addition, under Chinese tax law, non-resident enterprises and non-individual residents will be subject to a 10% withholding enterprise income tax, and Hong Kong Stock Connect investors will be subject to a 20% withholding tax rate. The board of directors includes executive directors Ge Haijiao, Liu Jin, independent non-executive directors Liao Changjiang, Cui Shiping, and others.