TBEA chairman proposes 30% net profit dividend for 2024

TBEA Co., Ltd. [SSE:600089] announced that its actual controller and chairman, Zhang Xin, has proposed a 2024 profit distribution plan recommending a cash dividend payout of 30% of the net profit attributable to shareholders. This proposal reflects Zhang Xin's confidence in the company's sustained and healthy development, positive outlook, and high regard for TBEA's long-term value. Zhang Xin has pledged to vote in favor of the proposal at the upcoming board and shareholder meetings. The company stated that it will carefully study the proposal and implement relevant procedures, but cautioned investors that the distribution plan is still subject to board and shareholder approval.