Summary by Futu AI
CM Bank (short for China Merchants Bank) updated its announcement on June 26, 2024, and announced the update of the end-of-period dividends for the year ending on December 31, 2023, including dividend amount, exchange rate of the company's default currency, and dividend payment date, and other information. The final ordinary stock dividend for this period is 1.972 yuan per share, and will be exchanged at an exchange rate of 1 yuan to 1.096371 Hong Kong dollars. The shareholder approval date was June 25, 2024, and the dividend payment date was set for August 6, 2024. The ex-dividend date is July 3, 2024, and the deadline for submission of share transfer documents is 4:30 pm on July 4, 2024, while the record date is July 10, 2024. In addition, the announcement also mentioned the withholding tax involved in the dividends. The tax rates for non-residents, non-resident enterprises, and Shanghai-Hong Kong Stock Connect investors are 10%, while the tax rate for individual investors in the Hong Kong Stock Connect Mainland China is 20%.