Zhejiang Shibao Confirms Final Dividend Payment

Zhejiang Shibao Co. Ltd. Class H (HK:1057) has released an update.

Zhejiang Shibao Co. Ltd. has announced the approval of a final cash dividend of RMB0.0243 per share after their 18th board meeting and subsequent shareholder approval. The dividend will be paid in Hong Kong dollars for H Shareholders, with a conversion rate based on the average RMB to HKD rate five days before the declaration, resulting in HKD0.0267 per share. The company has also detailed the tax obligations for both domestic and international shareholders, with varying rates depending on the shareholder’s country of residence and applicable tax treaties.

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