Wanxiang Qianchao announces 2024 profit distribution plan

Wanxiang Qianchao Co., Ltd. announced the implementation of its 2024 profit distribution plan, approved at the company's annual shareholder meeting on May 23, 2025. Shareholders of record as of June 9, 2025, will receive a cash dividend of CNY 1.80 per 10 shares. The ex-dividend date is set for June 10, 2025, with distribution managed through China Securities Depository and Clearing Corporation Limited Shenzhen Branch. For Hong Kong market investors holding shares via Shenzhen Stock Connect and qualified foreign investors, the dividend will be CNY 1.62 per 10 shares after tax. The company has appointed China Securities Depository and Clearing Corporation Limited Shenzhen Branch to manage distribution to shareholders holding A-shares. The company also noted that the exercise price of stock options will be adjusted accordingly.