Summary by Moomoo AI
On 28 March 2024, China Postal Savings Bank (PSBC) announced the 2023 profit distribution plan. The plan proposes to distribute cash dividends of RMB2,610 (tax included) for every 10 shares of ordinary shares and a total dividend of approximately RMB258.81 million, representing 30% of the net profit attributable to the bank's shareholders. The distribution plan is based on the company's net profit of RMB862.70 billion and RMB853.25 million attributable to the shareholders of the bank in 2023. In addition, according to company law, a statutory surplus of RMB85.32 billion will be withdrawn and a general risk preparation of RMB226.64 billion will be withdrawn. THIS PROFIT DISTRIBUTION PLAN HAS BEEN APPROVED BY THE BOARD AND SUPERVISORY BOARD, BUT REMAINS SUBJECT TO SUBMISSION UNTIL THE 2023 GENERAL MEETING FOR APPROVAL TO BE IMPLEMENTED.