Shanghai Fortune Techgroup announces cash dividend payment
Shanghai Fortune Techgroup has announced its 2025 semi-annual equity distribution plan, which entails a cash dividend of RMB 0.15 per 10 shares (including tax) for all shareholders. The distribution is based on the company's total share capital of 512,575,047 shares, excluding repurchased shares. This plan was authorized by the 2024 annual general meeting on May 23, 2025, and subsequently approved by the fifth board of directors' seventh meeting on August 27, 2025.
The equity distribution's record date is September 16, 2025, with the ex-dividend and ex-interest date set for September 17, 2025. Dividends for A-share shareholders will be distributed on September 17, 2025, via their entrusted securities companies. Following the implementation of this equity distribution, the repurchase price for restricted shares granted under the 2024 restricted stock incentive plan will be adjusted to RMB 3.53 per share.
Taxation on the dividend varies by shareholder type. Hong Kong market investors and foreign institutions holding shares via Shenzhen Connect, along with individuals and investment funds holding pre-IPO restricted shares, will receive RMB 0.135 per 10 shares after tax. Other individual shareholders will be subject to differential tax rates based on their holding period, with taxes collected upon stock transfer.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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