Summary by Moomoo AI
QINGDAO BEER CO., LTD. ANNOUNCED ON 26 MARCH 2024 THAT IT INTENDS TO DISTRIBUTE PROFITS FOR 2023 WITH A CASH DIVIDEND OF RMB2.00 PER SHARE (TAX INCLUDED). The proposal has been approved by the Board of Directors and will be submitted for further consideration at the 2023 Annual General Meeting. According to the Company and Pwai Wing Road Central Accounting Office, the net profit of the company's parent company in 2023 was RMB241,984 million, and the distributable profit was RMB883,141 million at the end of the period. If the share capital changes, the company will keep the dividend per share unchanged and adjust the total distribution. The Board has stated that the profit allocation plan complies with the relevant requirements and reflects the principle of fair return to shareholders. The distribution plan will not have a significant impact on the cash flow and long-term development of the Company.