Haitian flavouring proposes special dividend, enhanced shareholder returns

Foshan Haitian Flavouring & Food (SSE:603288) has announced a proposed 2025 special cash dividend of RMB 3.0 per 10 shares (tax inclusive) for its shareholders. This proposal, approved by the board on December 18, 2025, will be based on the company's total share capital, excluding shares in its buyback account, amounting to 5,846,535,453 shares, resulting in a total proposed dividend of RMB 1,753,960,635.90. This special dividend aligns with the company's strong performance and the 20th anniversary of its Haitian Gaoming Park, recognized as a "Lighthouse Factory."

Additionally, the company has released its "2025-2027 Shareholder Return Plan," committing to an annual cash dividend payout ratio of not less than 80% of net profit attributable to parent company shareholders, excluding any special dividends. This plan underscores the company's long-term vision and commitment to stable, predictable shareholder returns, balancing growth with rewarding investors.

The board also approved a new "Directors and Senior Management Compensation Management System," aiming to strengthen governance, incentivize performance, and ensure competitive compensation. This system outlines principles for remuneration, including a focus on compliance, incentives, performance linkage, and market competitiveness, with provisions for adjustments and clawback mechanisms. These proposals await approval at the upcoming 2026 first extraordinary general meeting.