ICBC announces final dividend, currency option for shareholders

Industrial and Commercial Bank of China (ICBC) announced its final dividend for the financial year ending December 31, 2024, set at RMB 0.1646 per share. Shareholders approved the dividend on June 27, 2025. The default currency for payment is HKD, with the amount being HKD 0.180384 per share, calculated using an exchange rate of RMB 1: HKD 1.095890411. A currency option is available, allowing shareholders to elect to receive the dividend in RMB 0.1646 per share. The closing date for currency option election is July 29, 2025, at 16:30. The ex-dividend date is July 3, 2025, with a record date of July 11, 2025, and a payment date of August 22, 2025. The announcement also details withholding tax arrangements for different types of shareholders. The dividend is subject to withholding taxes, with rates varying based on shareholder residency. Non-resident enterprises and individuals face a 10% withholding tax, while resident individuals in the PRC are subject to a 20% rate.