CHINA JINMAO (00817) will pay an interim dividend of HK$0.03 per share for the six months ended 30 June 2026 and is offering shareholders a scrip alternative. Eligible shareholders can opt to receive the entire dividend in cash, entirely in new shares, or a combination of both.
Under the scrip scheme, the issue price of each new share will be based on the average closing price of CHINA JINMAO’s shares on the Hong Kong Stock Exchange over the five trading days from 5–9 October 2026. Using the illustrative five-day average price of HK$1.228 (as of 25 September 2026), the maximum number of new shares issuable would be about 330.11 million, equivalent to roughly 2.38% of the enlarged share capital. If every shareholder elects for cash, the total outlay would be approximately HK$405.37 million.
Key timetable: • 17 Sep 2026 (16:30) – Last date to register transfers for dividend entitlement • 22 Sep 2026 – Record date • 5–9 Oct 2026 – Pricing period for scrip shares • 20 Oct 2026 (16:30) – Deadline to return election forms • 30 Oct 2026 – Despatch of dividend cheques and share certificates • 2 Nov 2026 – Expected first trading day of scrip shares
The scheme is contingent on the Stock Exchange granting listing approval for the new shares. Scrip shares will rank pari passu with existing shares but will not carry the 2026 interim dividend. Fractional entitlements will be rounded down and retained by the company.
Management highlights that shareholders can increase their stake without paying brokerage or stamp duty, while the company preserves cash for working-capital purposes. Approximately 22.94% of outstanding shares are held via ChinaClear for PRC Southbound Trading investors, who may participate in the scrip election through their custodians.
Shareholders with registered addresses in Hong Kong, mainland China or Macau are eligible to participate; no jurisdictions are excluded. Those preferring full cash need take no action, while others must submit completed election forms to Computershare Hong Kong Investor Services by the stated deadline.