Xinxing Ductile Iron Pipes announces 2024 dividend distribution

Xinxing Ductile Iron Pipes has announced details of its 2024 dividend distribution plan, as reported by Everbright Securities, the trustee. Shareholders approved the distribution, set at CNY 0.20 per 10 shares (before tax). The total dividend payout is estimated at CNY 79,263,645.70 (before tax), based on the current share capital of 3,963,182,285 shares. For Hong Kong market investors, overseas institutions, and individuals holding pre-initial public offering restricted shares, the dividend will be CNY 0.18 per 10 shares after tax. The equity registration date is set for July 3, 2025, with the ex-rights date on July 4, 2025. Everbright Securities has stated that the dividend distribution aligns with the company's policy and will not significantly impact its debt repayment capabilities.