Neway Valve announces CNY 1.14 per share cash dividend

Neway Valve (Suzhou) Co., Ltd. announced the implementation of its 2024 annual equity distribution plan. Shareholders of record as of June 24, 2025, will receive a cash dividend of CNY 1.14 (inclusive of tax) per share. The total dividend payout amounts to CNY 876,173,973.54 based on the company's total share capital of 768,573,661 shares. The ex-date and payment date are both scheduled for June 25, 2025. Different tax implications apply for various shareholder categories, including individual investors, QFII shareholders, and Hong Kong market investors holding shares through Shanghai Stock Connect. The announcement provides details on the applicable withholding tax rates and procedures for each investor type.