Summary by Futu AI
Weichai Power Co., Ltd. announced that the transfer registration of H shares will be suspended from September 19 to 27, 2024, in order to determine the list of shareholders eligible to receive the interim dividend. The company will determine the H share record date on September 27, 2024, and send cash dividend checks on October 18 of the same year. According to Chinese tax laws, Weichai Power will withhold and pay 10% corporate income tax on behalf of non-resident corporate shareholders. Individual shareholders are not required to withhold and pay personal income tax. In addition, the company will further announce the cash dividend arrangements for A-share holders. For mainland investors who invest through the Hong Kong Stock Connect mechanism, the company has signed an agreement with China Securities Depository and Clearing Corporation Limited to distribute cash dividends through its system, and withhold and pay personal income tax at a rate of 20%. Dividends for Shenzhen Stock Connect investors will be distributed in RMB and withhold and pay 10% income tax.