AMEC adjusts 2024 cash dividend after equity incentive impact

Advanced Micro-Fabrication Equipment (AMEC), trading on the SSE under the ticker SSE:688012, announced an adjustment to its proposed cash dividend distribution for the 2024 fiscal year. The company will increase the total dividend payout from CNY 186,080,238.60 (inclusive of tax) to CNY 187,214,710.20 (inclusive of tax). This adjustment stems from the completion of share registration for the vesting of restricted stock under its 2022, 2023 and 2024 equity incentive plans. The equity incentive plans led to an increase in AMEC's total share capital from 622,363,735 shares to 626,145,307 shares. The company is maintaining its per-share dividend payout ratio, resulting in the increase to the total cash dividend amount. 1,149,089 new shares are set to begin trading on June 24, 2025.