SHANGHAI - China Yangtze Power Co., Ltd. has disclosed its 2024 mid-term profit distribution plan, which includes a cash dividend of RMB 0.21 per share. The proposal, which is subject to shareholder approval, is based on the company's current total share capital of 24,468,217,716 shares, amounting to a total distribution of RMB 5,138,325,720.36.
The distribution amount per share will remain the same even if there is a change in the total share capital before the equity registration date. Any adjustments will be announced separately. The company's board of directors and supervisory committee have reviewed the profit distribution plan and have agreed to submit it to the shareholders' meeting for further review.
The company has assured that this distribution will not significantly impact its operating cash flow or its normal operations and long-term development. The cash dividend is part of the annual profit distribution in compliance with the company's "Articles of Association."
Investors are advised to consider the potential risks and to await the outcome of the shareholders' meeting before the plan can be executed. This announcement is based on a press release statement from China Yangtze Power Co., Ltd.
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