Zhitong Finance APP learned that Brilliance Chi (01114) fell more than 4%, as of press time, down 4.22%, at HK$8.18, with a turnover of HK$537 million.

On the news front, Brilliance Chi announced that independent non-executive director and Chairman of the Board of Directors Wu Xiaoan was notified by the Independent Commission Against Corruption (ICAC) on June 24, 2024 that ICAC has completed the investigation and confirmed that no further action will be taken against him. He was unconditionally discharged on the same day, and the case has been concluded. The company stated that it has received the news with pleasure and reaffirmed that the investigation has not had a significant adverse impact on the Group.

It is worth noting that after the company declared a special dividend of HK$1.5 per share in the first half of this year, it declared another special dividend of HK$4.3 per share on June 14. Daiwa Securities released a research report stating that as of the end of 2023, the company's cash and bank balances totaled 30.8 billion yuan, while the two special dividends totaled HK$29.2 billion yuan, equivalent to 27.2 billion yuan, meaning that the company will spend most of its cash. Therefore, the bank believes that this will be the final special dividend. Meanwhile, Morgan Stanley believes that Brilliance will continue to distribute special dividends from its recurring investment income from joint venture BMW Brilliance, and it is expected to further distribute dividends of 1 to 1.5 yuan per share annually in the next two to three years.