Weihai City Commercial Bank Co., Ltd., based in China’s Shandong province, has updated its 2024 annual dividend details. Shareholders will receive RMB 10 per 100 shares, with the ex-dividend date set for June 23, 2025, and payment on July 30, 2025. The bank reaffirmed its commitment to shareholder value and clarified tax implications for non-residents.
Weihai City Commercial Bank Co., Ltd. (Class H), a financial services provider headquartered in Shandong, China, has officially updated its final dividend payout for the financial year ending December 31, 2024. According to the announcement released on June 20, 2025, the final cash dividend has been fixed at RMB 10 per 100 shares, equivalent to HKD 10.9361 per 100 shares, based on an exchange rate of RMB 1 to HKD 1.09361.
The ex-dividend date has been scheduled for June 23, 2025, while dividend payments will be distributed on July 30, 2025. In line with international taxation rules, the bank noted that a 10% withholding tax would apply to non-resident shareholders.
Weihai Bank operates as a regional bank in China, focusing on retail and commercial banking services. It is listed on the Hong Kong Stock Exchange but is not authorized under the Hong Kong Banking Ordinance, meaning it does not fall under the supervision of the Hong Kong Monetary Authority.
As of now, Weihai Bank holds a market capitalization of HKD 17.88 billion and has an average daily trading volume of 1,969 shares. According to current technical sentiment, the stock holds a “Strong Buy” rating from market analysts, reflecting investor confidence.
This dividend update signals the bank’s continued commitment to delivering returns to shareholders and maintaining a transparent approach to financial communications.
