On January 26, Yu Garden shares announced that the board of directors of the company received a letter of proposal from Huang Zhen, the chairman of the board, proposing to implement the special dividend plan for 2024. This plan is based on the after tax income from the sale of equity in Shin Yuki Co., Ltd. by the company’s wholly-owned subsidiary Yuhai, with an expected total dividend of no less than 750 million yuan. The specific profit distribution plan will be determined by the company based on its own business situation and submitted to the board of directors and shareholders’ meeting for review and approval.
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