Summary by Futu AI
On August 22, 2025, Guoquan Foods held an extraordinary general meeting of shareholders, presided over by Chairman Yang Mingchao, with shareholders representing 64.45% of the shares in attendance. The meeting approved the 2025 semi-annual profit distribution plan with 99.97% of votes in favor, deciding to distribute a mid-term cash dividend of RMB 0.0716 per share (tax included), while H-share shareholders will receive HKD 0.0785 per share (tax included).The company will distribute dividends to shareholders registered as of September 2, 2025, on October 17, 2025. For non-resident corporate shareholders of H-shares, a withholding corporate income tax of 10% will be deducted, while individual shareholders will be subject to different tax rates depending on their place of residence, with residents of Hong Kong and Macau subject to a 10% tax rate. Shareholders holding through the Stock Connect and the 'full circulation' of H-shares will be paid in RMB, while other H-share shareholders will be paid in HKD, at an exchange rate of 1 RMB to 1.09615 HKD.
