ICBC sets interim dividend, outlines withholding tax rules

Industrial and Commercial Bank of China (ICBC) will distribute an interim dividend of RMB 1.414 per 10 shares for the six months ended June 30, 2025. This proposal was approved at the second extraordinary shareholders' meeting held on November 28, 2025, with 99.9878% of votes in favor. The bank's H share register will close from December 8 to December 12, 2025, with the record date set for December 12, 2025. H share dividends are expected to be paid on January 26, 2026.

H share holders have the option to receive the dividend in RMB or HKD. The dividend currency election form will be issued around December 15, 2025, with a deadline of January 2, 2026, at 4:30 p.m. for submission. Non-resident enterprise shareholders will incur a 10% enterprise income tax, while non-resident individual shareholders will also face a 10% individual income tax, unless otherwise specified by tax treaties.

For Southbound Trading investors receiving dividends from H shares, a 20% individual income tax will be withheld for domestic investors, and domestic enterprise investors will report and pay their own income tax. Northbound Trading investors in A shares will be subject to a 10% income tax withholding.