Sunway Petrochemical plans mid-year dividend, pending approval

Shandong Sunway Petrochemical Engineering (SZSE:002469) announced plans to authorize its board of directors to formulate an interim dividend plan for 2025. The proposal, approved by the board and supervisory committee, aims to increase shareholder returns. The interim dividend is conditional on the company reporting positive net profit attributable to shareholders and positive retained earnings. Furthermore, the company's cash flow must be sufficient to meet normal operations and sustain development. The proposed cash dividend amount will not exceed the net profit attributable to shareholders of the listed company for the corresponding period. The plan requires shareholder approval at the 2024 annual general meeting.