Summary by Futu AI
China Coal Energy announced on 30 May 2024 that it has received a proposal from the holding shareholder China Coal Energy Group Limited (“China Coal”) to implement a special dividend and an interim dividend for 2024. CHINA COAL PROPOSED TO DISTRIBUTE A CASH DIVIDEND OF RMB 15 BILLION TO ALL SHAREHOLDERS, WITH A VIEW TO ENHANCING INVESTMENT VALUE AND SHARING DEVELOPMENT RESULTS, WITHOUT AFFECTING THE NORMAL OPERATION AND LONG-TERM DEVELOPMENT OF THE COMPANY, RENMINBI 0.113 MILLION (TAX INCLUDED). In addition, it is proposed that the Board of Directors develop and implement the 2024 Interim Fragment Plan, in which the amount of the dividend is not less than 30% of the net profit attributable to the shareholders of the listed company in the first half of 2024 and does not exceed the net profit during that period. The proposal is still subject to approval by the General Meeting and is uncertain. The Company will comply with its due diligence procedures and information disclosure obligations in a timely manner, in accordance with the relevant regulations.