China Merchants Securities announces 2024 dividend distribution

China Merchants Securities (SSE:600999) has announced the implementation of its 2024 annual equity distribution plan. The distribution, approved at the shareholder's meeting on June 26, 2025, will see shareholders receive a cash dividend of CNY 0.377 per share. The total cash dividend payout will amount to CNY 3,278,590,605.86, with CNY 2,798,095,987.54 allocated to A-shares. The record date is July 15, 2025, with the ex-dividend date and cash dividend payment date both set for July 16, 2025. Different tax implications apply to different classes of shareholders including individual shareholders, fund shareholders and qualified foreign investors (QFII). The company will handle withholding taxes as appropriate. The announcement provides details on tax treatments for different shareholder types and instructions for QFII shareholders to claim treaty benefits. China Merchants Securities encourages shareholders to contact the company for any further queries.