China Shenhua plans shareholder meeting for dividend, H-share buyback

China Shenhua Energy has scheduled its 2024 AGM and the first A-share class shareholders meeting for June 20, 2025. Key items for consideration include the 2024 board and supervisory board reports, financial reports, and a profit distribution plan recommending a CNY 2.26 dividend per share. The proposed dividend totals CNY 44.903 billion, representing 76.5% of the net profit attributable to shareholders. The meeting will also address the re-appointment of external auditors for 2025 and a shareholder return plan for 2025-2027. A key resolution involves seeking authorization for the board to repurchase H shares, subject to certain conditions, including that the repurchase price not exceed 5% of the average closing price of the previous five trading days. The A-share class meeting specifically focuses on obtaining approval for this H-share repurchase authorization.