Bank of Communications announces interim dividend, tax details

Bank of Communications Co., Ltd. has announced a proposed interim cash dividend of RMB 1.563 per 10 shares for the six months ended June 30, 2025. This distribution was approved at the extraordinary shareholders' meeting on December 12, 2025. H shareholders have the option to receive the dividend in RMB or HKD equivalent. The exchange rate for H shares interim dividends will be determined by the average of RMB against HKD reference rates for the five working days prior to December 30, 2025.

The record date for H shares is December 24, 2025, with the register of members closed from December 19-24, 2025. Dividend currency election forms will be issued around December 30, 2025, and must be returned by 4:30 p.m. on January 15, 2026. Payment for H shareholders is scheduled for January 28, 2026.

Withholding tax will be applied to the dividend. Non-resident enterprise shareholders will incur a 10% enterprise income tax, while non-resident individual shareholders and investors of Southbound Trading will be subject to a 10% and 20% individual income tax, respectively, depending on their residence and applicable tax agreements.