Summary by Moomoo AI
CHINA MERCANTILE BANK (CM BANK) ISSUED A NEW ANNOUNCEMENT ON 25 MARCH 2024 ANNOUNCING THAT IT WILL DISTRIBUTE A FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2023 WITH A DIVIDEND OF RMB 1.972 PER SHARE. Details such as the specific distribution date of the dividend, the net date, the deadline for share transfer registration and the date of suspension of share transfer registration have not been announced. In addition, it is mentioned in the announcement that for non-residents (not registered addresses in the Mainland of China) and Shanghai Stock Exchange investors, the company will deduct dividend income tax at a 10% tax rate; and for individual investors in Mainland China in Hong Kong stocks, a tax deduction at a rate of 20%. The company's executive directors include Wang Liang and Zhu Jiangtao, non-executive directors include Mau Jianmin, Sun Yunfei, etc., and independent non-executive directors include Wang Shihung, Li Menggang, etc.