Summary by Moomoo AI
Sinopec Corp. (referred to as "Sinopec") held a board of directors meeting on August 23, 2024, and approved the shareholder dividend return plan for the next three years (2024 to 2026). The dividend plan aims to further enhance shareholder returns and stipulates that when the net profit and accumulated undistributed profits of the parent company are positive, and the cash flow can meet the operation and sustainable development of the company, the profits distributed in cash each year shall not be less than the net profit attributable to the shareholders of the parent company or 65% of the profits attributable to the shareholders of this company for the current year. The plan also mentions that the dividend plan can be adjusted in case of force majeure or significant changes in the company's operation. The dividend plan shall take effect after being approved by the shareholders' meeting.