Baiyang Investment Group opts out of 2024 dividend

Baiyang Investment Group announced its decision not to distribute cash dividends, bonus shares, or transfer capital reserves to increase share capital for 2024. The decision, approved by the board and subject to shareholder approval, stems from a net loss attributable to shareholders of CNY-1,525.42 million and a CNY-1,758.09 million loss for the parent company in 2024. The parent company's accumulated distributable profits stand at CNY-8,478.23 million. Despite a consolidated retained profit of CNY 18,976.29 million, the company's accumulated distributable profits are negative. The company highlights its commitment to future shareholder returns through improved performance and adherence to regulatory guidelines.