Summary by Moomoo AI
CITIC METALS CO., LTD. ANNOUNCES ITS PROFIT DISTRIBUTION FORECAST FOR 2023. IT INTENDS TO DISTRIBUTE A CASH DIVIDEND OF $1.5 PER 10 SHARES (TAX INCLUDED) TO ALL SHAREHOLDERS, WITH A TOTAL PLANNED CASH DIVIDEND OF $735,000,000. The plan is based on the company's total share capital of 4,900,000,000 shares and represents a cash dividend ratio of 35.72% for the year. The Company confirms that no transfer of red shares or capital gains has been made. The profit distribution plan is still subject to submission to the General Meeting for approval. CITIC METALS HELD BOARD AND SUPERVISORY BOARD MEETINGS ON MARCH 25, 2024, AND BOTH PASSED THIS PROJECTION. THE COMPANY EMPHASIZES THAT THIS DISTRIBUTION PLAN WILL NOT HAVE A SIGNIFICANT IMPACT ON THE COMPANY'S OPERATING CASH FLOW, NOR WILL IT AFFECT NORMAL OPERATIONS AND LONG-TERM DEVELOPMENT. The announcement date is 26 March 2024.