Summary by Futu AI
China Agricultural Bank announced on August 30, 2024 that its board of directors and supervisory board have reviewed and approved the interim profit distribution plan for the year 2024. The plan proposes to distribute a total of CNY 40.738 billion in cash dividends, equivalent to CNY 1.164 per 10 shares (including tax). The distribution is based on the net profit attributable to shareholders of the parent company for the first half of 2024, which amounts to CNY 135.892 billion. The A-share dividends are expected to be paid on January 8, 2025, and the H-share dividends are expected to be paid no later than January 24, 2025. The distribution plan still needs to be approved by the shareholders' meeting, and the specific date of implementation will be announced later. The independent directors of the bank also expressed their agreement with this profit distribution plan.