Everbright Securities Co., Ltd. (EB Securities, 06178) announced that shareholders approved all 10 ordinary resolutions tabled at the 2025 Annual General Meeting (AGM) held on 30 June 2026 in Shanghai. Key outcomes and distribution details are as follows:
1. AGM Voting Snapshot • Attendance: 1,125 shareholders and proxies, holding 2.55 billion voting shares, equal to 55.27% of total share capital (4.61 billion shares). • All 10 ordinary resolutions—including the 2025 board report, annual report, profit distribution plan, proprietary trading limits for 2026, and re-appointment of external auditors—were passed with approval rates ranging from 98.23% to 99.73%. • China Everbright Group Ltd. (25.15% shareholding) and China Everbright Limited (20.73%) abstained from voting on Resolution 8 regarding 2026 related-party transactions; the motion was nonetheless approved with 98.23% support.
2. Dividend Declaration • Final dividend for FY 2025 set at RMB 0.1740 per share (tax inclusive), equivalent to HK$0.200132 based on an average RMB/HKD rate of 0.86943. • Record date for H-shareholders: 21 July 2026; register closed 16–21 July 2026. • Payment date: 28 August 2026 via Computershare Hong Kong Trustees Limited. • Currency option: H-share investors may elect to receive dividends in RMB or HKD; election forms must be returned by 7 August 2026.
3. Tax Withholding Arrangements • Non-resident enterprise H-shareholders: 10% enterprise income tax withheld. • Individual foreign H-shareholders: default 10% withholding, subject to applicable treaty rates (up to 20%). • Northbound trading investors: 10% withholding in RMB via CSDCC, with refund mechanism available for eligible treaty rates. • Southbound trading investors: Mainland individuals and funds subject to 20% withholding; Mainland corporates self-report.
Legal Validation King & Wood, acting as PRC legal counsel, confirmed the AGM’s convening, procedures and voting outcomes complied with PRC laws, listing regulations and the company’s Articles of Association.
Dividend election forms will be dispatched on 23 July 2026. Shareholders seeking treaty benefits should submit documentation to Computershare Hong Kong Investor Services Limited within the specified deadlines.