China Everbright Bank approves dividend payments, sets AGM

China Everbright Bank (SSE:601818) announced the resolutions passed at its 28th meeting of the Ninth Board of Directors. Key decisions included the approval of cash dividend distributions to holders of the first tranche of preference shares, totaling CNY8.90 billion (pre-tax), based on a dividend rate of 4.45% for the period of June 25, 2024, to June 24, 2025. The board also approved dividend distribution for the second tranche of preference shares, amounting to CNY4.01 billion (pre-tax), with a dividend rate of 4.01% for the period of August 11, 2024, to August 10, 2025. The board has resolved to hold its 2024 Annual General Meeting, with details to be announced separately.