Figma Shares Indicated To Open $105/$110
SHANGHAI - China Pacific Insurance (Group) Co., Ltd. (CPIC) announced Wednesday that shareholders approved all resolutions at its 2024 Annual General Meeting, including a final dividend of RMB1.08 per share for the year ended December 31, 2024.
The meeting, chaired by CPIC Chairman Mr. FU Fan, saw attendance from 1,078 shareholders and proxies representing approximately 62.24% of the company’s total voting shares. Shareholders overwhelmingly supported key measures including the company’s financial statements, profit distribution plan, and the appointment of auditors for 2025.
Notable among the approved resolutions was the election of Mr. HUANG Jinwen as an independent director of the tenth session of the Board of Directors, subject to regulatory approval.
Shareholders also granted the Board special mandates to issue new shares and repurchase shares, with these special resolutions receiving 83.13% and 98.43% approval respectively.
The dividend will be paid to shareholders and GDR holders who appear on the company’s register, with GDR payments to be processed through Citibank, N.A., the company’s depositary.
CPIC, established under Chinese law as a joint stock company with limited liability, maintains its registered office in Shanghai’s Huangpu District.
The information in this article is based on a press release statement issued by the company.
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