China Petroleum & Chemical (HK:0386) has released an update.
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China Petroleum & Chemical Corporation (Sinopec Corp.) has announced its first extraordinary general meeting (EGM) for 2024, which will address key issues such as renewing connected transactions, financial services agreements, and implementing a shareholder dividend distribution plan that promises a payout of at least 65% of net profits, provided certain financial conditions are met. The EGM is scheduled for 22 October 2024 in Beijing. The full details of the resolutions and dividend plan are accessible on the websites of the Shanghai and Hong Kong Stock Exchanges.
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