Summary by Moomoo AI
The Bank of China announced on March 28, 2024 that its Board of Directors has approved the 2023 profit distribution plan, will be registered on July 16, 2024, and that the A dividend is expected to be issued on July 17, and the H dividend will be issued on August 5. THE PLAN PROPOSES A CASH DIVIDEND OF RMB2,364 PER 10 SHARES OF ORDINARY SHARES (BEFORE TAX) FOR A TOTAL DIVIDEND OF RMB695.93 BILLION, REPRESENTING APPROXIMATELY 30% OF THE NET PROFIT OF THE PARENT COMPANY'S OWNERS. In addition, the Company will withdraw the statutory surplus of RMB 208.24 billion and the general provision of RMB 404.68 billion. This profit distribution plan is still subject to approval by the General Meeting of Shareholders.