Bank of Tianjin Co., Ltd. Proposes Cash Dividend for the Year Ended 31 December 2023 , Payable on 12 June 2024
March 20, 2024 at 08:04 am EDT
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Bank of Tianjin Co., Ltd. proposed a cash dividend, with an amount of RMB 1.2 per 10 Shares (tax inclusive), in an aggregate amount of RMB728.47 million will be distributed to all the Shareholders. The Bank will distribute to the Shareholders whose name appears in the register of members of the Bank on 30 April 2024, a final dividend in cash for the year ended 31 December 2023 in an aggregate amount of approximately RMB728.47 million, namely a
dividend of RMB1.2 per ten Shares (tax inclusive). The final dividend of the Bank for the year ended 31 December 2023 will be denominated and declared in RMB. Distribution of the dividends to holders of the Domestic Shares will be paid in RMB, while dividends to holders of the H Shares will be paid in Hong Kong dollars. For such conversion, RMB will be converted into Hong Kong dollars based on the average middle exchange rate as announced by
the People's Bank of China prevailing five business days before 19 April 2024 (inclusive), the date of the Bank's 2023 AGM. The H Share register of members of the Bank will be closed from, for the purpose of determining shareholders' entitlement to the proposed final dividend, Thursday, 25 April 2024 to Tuesday, 30 April 2024 (both days inclusive) during which period no transfer of the H Shares will be effected. All transfers, accompanied by the relevant share certificates, must be lodged for registration with the H Share Registrar of the Bank, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East,
Wan Chai, Hong Kong, by no later than 4:30 pm on Wednesday, 24 April 2024. It is expected that the final dividend will be paid on 12 June 2024.
Bank of Tianjin Co., Ltd. operates as one city commercial bank headquartered in Tianjin. The Bank operates its businesses through segments: corporate banking segment, which provides financial products and services to corporations, government agencies and financial institutions, and the products and services include corporate loans, trade financing, deposit takings and other types of corporate intermediary services; personal banking segment, which provides financial products and services to individual customers, and the products and services include personal loans, deposit products, card business, personal wealth management services and other types of personal intermediary services; treasury operations segment, which conducts money market or repurchase transactions, and debt instruments investment for its own accounts or on behalf of customers, and others segment, which include head office operations as well as items that are not attributed to the above segments.