Summary by Futu AI
China Power International Development Limited announced that in celebration of the company's 20th anniversary of listing on the Main Board of the Stock Exchange of Hong Kong Limited, a special dividend of RMB 0.05 per ordinary share (pre-tax) will be distributed, with a total amount of approximately RMB 618,508,000. The special dividend is expected to be paid to shareholders on October 15, 2024. In addition, to determine shareholder rights, the company will suspend share transfer registration procedures from October 3 to October 4, 2024. According to the Chinese Tax Law, as a resident enterprise, the company's subsidiary companies are not required to prepay withholding tax on dividends distributed to it. However, for non-resident enterprise shareholders, the company will deduct a 10% enterprise income tax before distributing the special dividend. Individual shareholders do not need to have income tax withheld and paid on their behalf. The company reminds investors to seek independent professional advice on tax regulations and their impact, and to withhold and pay taxes based on the shareholders' register on the dividend record date.