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PICC P&C proposes interim dividend, 2024-2025 IT equipment scrapping

October 9, 2025 at 09:09 AM UTCBy FilingReader AI

PICC Property and Casualty Company Limited has scheduled an Extraordinary General Meeting (EGM) for October 30, 2025, to consider a 2025 interim profit distribution plan and the scrapping of information technology equipment for 2024-2025. The interim profit distribution plan proposes a cash dividend of 0.24 yuan per share (tax inclusive), totaling 5.34 bn yuan, based on the company's total share capital of 22,242,765,303 shares as of June 30, 2025. The company's cumulative net profit for the first half of 2025 was 23.46 bn yuan.

The proposed IT equipment scrapping involves 124,263 units, comprising 18,977 units from the head office and 105,286 units from branches, with an original value of 2.10 bn yuan and a net value of 63.37m yuan. This includes desktop office equipment, core equipment, network equipment, and other items that have reached the end of their service life. The company intends to entrust PICC Financial Services Company Limited to manage the auction and disposal process.

The register of members will be closed from October 24, 2025, to October 30, 2025, to determine eligibility for attending and voting at the EGM. If the interim profit distribution plan is approved, the interim dividends are expected to be paid on December 12, 2025, to shareholders whose names appear on the share register on November 11, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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