COMEC AGM Approves All 2025 Resolutions; Declares RMB190.82 Million Final Dividend

CSSC Offshore & Marine Engineering (Group) Company Limited (“COMEC”) announced that its 2025 Annual General Meeting, held on 27 May 2026 in Guangzhou, passed all tabled resolutions by poll.

Key takeaways

1. Governance Decisions • All nine ordinary resolutions—including the 2025 Board Work Report, 2025 Annual Report, profit distribution plan, 2026 interim-dividend framework, subsidiary guarantee limits, 2026 FX-derivatives quota, auditor appointment, and remuneration measures—secured well above the simple-majority threshold, with A-share support exceeding 99.80 % in each case. • Under cumulative voting, Mr Weng Hongbing (executive director) and Mr Cheng Bolin (non-executive director) were elected to the 11th Board and join its strategy committee. Following the former chairman’s resignation, Mr Weng will perform chairman duties until a successor is elected.

2. Dividend Payout • Shareholders approved a 2025 final dividend of RMB1.35 (tax inclusive) per 10 shares—equivalent to RMB0.135 per share—based on 1,413,506,378 issued shares. • Total cash distribution amounts to RMB190.82 million. • For H-shareholders, the payout will be HKD1.547466 per 10 shares, calculated at the PBoC reference rate of HKD1 = RMB0.872394. Cheques will be mailed on 16 July 2026.

3. Key Dates • Books closure: 2 – 5 June 2026 (both days inclusive). • Record date for H shares: 5 June 2026. • Dividend payment date: 16 July 2026.

4. Meeting Participation • 537 shareholders and proxies, representing 496.61 million shares (35.13 % of issued capital), voted on-site or online. No shareholders were required to abstain, and no counter-resolutions were proposed.

5. Tax Withholding Framework • Corporate non-resident H-shareholders will have 10 % corporate income tax withheld. • Individual H-shareholders are subject to withholding based on applicable bilateral tax treaties, with a default rate of 10 %; applications for treaty benefits or refunds require supporting documentation. • Northbound and Southbound Trading investors will receive dividends in RMB, with tax treatment aligned to prevailing PRC regulations for Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes.

The company confirms that the AGM’s convening, procedures and voting results comply with PRC Company Law, Hong Kong Listing Rules and its Articles of Association.