Dazhong Transportation seeks approval for 2025 interim dividend

Dazhong Transportation Group (SSE:600611) announced its intention to seek shareholder approval for a proposal authorizing the board of directors to formulate and execute an interim dividend plan for the fiscal year 2025. This move aims to enhance shareholder value and investor returns, aligning with regulatory guidelines on cash dividends for listed companies. The proposal outlines prerequisites for the interim dividend, including positive earnings, retained earnings, and sufficient cash flow for normal operations and capital expenditures. The interim dividend amount will be capped based on the net profit attributable to shareholders during the relevant period, with the specific payout ratio to be determined by the board considering business conditions and relevant regulations. The board's proposed authorization, if approved, will be valid from the date of shareholder approval until the completion of the related procedures. This announcement follows the approval by the company's board on May 12, 2025.