Shemar Electric announces CNY 0.46 dividend per share

Jiangsu Shemar Electric (SSE:603530) has announced its 2024 annual equity distribution plan, which includes a cash dividend of CNY 0.46 per share. The distribution, approved at the company's annual general meeting on April 25, 2025, applies to all A-shareholders registered on June 3, 2025, after deducting shares held in the company’s repurchase account. The total dividend payout is estimated at CNY 197,467,056.60 based on 429,276,210 shares eligible for distribution. The ex-dividend date is set for June 4, 2025, with dividend payments scheduled for the same day. Various tax implications apply based on investor type and holding period, with specific withholding rates detailed in the announcement. Shanghai Shenma Electric Holding Co., Ltd. and individual shareholders will receive their dividends directly from the company. Contact the company's securities department for inquiries.