The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) on 8 April 2015 (the “Listing Date”).
Stock Code: 1245
Dividend policy
The Company has adopted a dividend policy (the “Dividend Policy”), which aims at setting out the principles and guidelines that the Company intends to apply in relation to the declaration, payment or distribution of its net profits as dividends to the Shareholders. Under the policy, in recommending or declaring dividends, the Company shall maintain adequate cash reserve for meeting its working capital requirements and future growth as well as its shareholder value.
The Company does not have any pre-determined dividend payout ratio. The Board has the discretion to declare and distribute dividends to the Shareholders, subject to the Articles of the Incorporation and all applicable laws and regulations and the various factors stipulated. When determining declaration or payment of dividends, the Company shall consider the following matters:
• the Company’s actual and expected financial performance;
• retained earnings and distributable reserves of the Company and each of the members of the Group;
• the Group’s working capital requirements, capital expenditure requirements and future expansion plans;
• the Group’s liquidity position;
• general economic conditions, business cycle of the Group’s business and other internal or external factors that may have an impact on the business or financial performance and position of the Company; and
• other factors that the Board deems relevant.
Any unclaimed dividend shall not be forfeited until the lapse of six years after the date of declaration of such dividend in accordance with the Articles of Incorporation.
The Board will review the Dividend Policy as appropriate from time to time. The Dividend Policy has been published on the Company’s website for public information.
Dividends
During the year ended 31 March 2024, the Company paid final dividend of ¥132 million (¥0.11 per common share) and interim dividend of ¥108 million (¥0.09 per common share) to their shareholders in respect of the years ended 31 March 2023 and 31 March 2024, respectively.
On 27 May 2024, the board of directors of the Company declared a final dividend of ¥0.17 per common share totalling ¥203 million in respect of the year ended 31 March 2024. These consolidated financial statements do not reflect this dividend payable.
