Sinopec Shanghai Petrochemical approves dividends, share repurchase plan

Sinopec Shanghai Petrochemical (SSE:600688) announced the approval of key resolutions at its 2024 Annual General Meeting, the 2025 First A Shareholders' Class Meeting, and the 2025 First H Shareholders' Class Meeting, including the distribution of dividends and a share repurchase plan. The legal opinion on the meetings confirmed that the procedures and shareholder qualifications adhered to relevant laws and company regulations. A dividend of HKD 0.0218 per H share will be paid to H share holders. The company has arranged for the repurchase of domestic and overseas shares to ensure maximum efficiency. All directors and officers' compensation plans for 2024 were approved, ensuring continuity in leadership and financial stewardship. These actions signal confidence in the company's financial health and strategic direction, with shareholders ratifying management's proposals.