Summary by Moomoo AI
China Construction Bank Corporation (CCB) announced on July 5, 2024 that it will implement the A-share dividend distribution plan for the 2023 fiscal year. The plan was approved at the shareholders' meeting on June 27, 2024. According to the plan, CCB will distribute cash dividends to all A-share shareholders at a ratio of RMB 0.400 yuan (including tax) per share, with a total distribution of approximately RMB 100.004 billion. The dividend payment date is scheduled for July 12, 2024, and the ex-dividend date is July 11, 2024. For individual shareholders and securities investment funds, those who hold shares for more than 1 year will be temporarily exempt from personal income tax. Qualified overseas institutional investors (QFII) and Hong Kong market investors who invest through the Shanghai-Hong Kong Stock Connect will have their withholding tax deducted at a rate of 10%. CCB stated that it will entrust China Securities Depository and Clearing Corporation Shanghai Branch to distribute cash dividends to shareholders through its fund clearing system and has provided detailed explanations on tax deduction.