Will Semiconductor clarifies differentiated dividend for share buyback

Will Semiconductor (SSE: 603501) issued a clarification regarding its differentiated dividend payout for the 2024 interim period. The company has been actively repurchasing shares for employee stock ownership plans and other purposes. As of October 11, 2024, Will Semiconductor held 16,169,686 repurchased shares in a dedicated account. These shares, per regulatory guidelines, are excluded from dividend distributions. The company's dividend payout of 0.2 yuan per 10 shares will be based on the outstanding shares excluding those held in the buyback account. This equates to a total of approximately 1,199,896,716 shares eligible for the dividend, down from the total share count of 1,216,066,402. The impact of this differentiated dividend is minimal, representing a 0.003% difference in the theoretical ex-dividend price compared to a standard distribution. Beijing Tianyuan Law Firm has reviewed and endorsed the legality and fairness of the differentiated dividend plan.