Summary by Moomoo AI
China Commerce Bank announced on March 25, 2024 that it will distribute a cash dividend of not less than 30% to shareholders in accordance with the audited net profit of RMB1,420.44 billion in 2023, i.e. a dividend of RMB1,972 per share (tax included). The distribution plan has been approved by full vote of the 31st meeting of the 12th Board of Directors and the 26th meeting of the 12th Board of Directors and will be submitted for consideration at the 2023 General Meeting. This dividend is based on 25,219,845,601 shares of the total ordinary share capital as of December 31, 2023, with a total dividend of approximately RMB497.34 million (tax included) on the basis of the total dividend of cash on hand. THE COMPANY'S CASH DIVIDEND RATIO FOR 2023 IS 35.01%. The implementation of the profit distribution plan is subject to approval by the General Meeting.