Announcement of the BOD's resolution for dividends distribution on behalf of subsidiary, CFTC PRECISION (JIA-XING) LIMITED.
· Issued by China Fineblanking Technology Co., Ltd.
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Today's Information
Provided by: CHINA FINEBLANKING TECHNOLOGY CO., LTD.
SEQ_NO
5
Date of announcement
2022/08/05
Time of announcement
18:28:53
Subject
Announcement of the BOD's resolution for dividends
distribution on behalf of subsidiary, CFTC PRECISION
(JIA-XING) LIMITED.
Date of events
2022/08/05
To which item it meets
paragraph 14
Statement
1.Date of the board of directors resolution:2022/08/05
2.Type and monetary amount of dividend distribution:
Cash dividends, US$1,300,000
3.Any other matters that need to be specified:
(1)The Company invests in China Fineblanking International Co., Ltd through
China Fineblanking Group Co., Ltd, and then invests in CFTC PRECISION
(JIA-XING) LIMITED through China Fineblanking International Co., Ltd.
The shareholding ratio of the above layers is 100%.
(2)The cash dividends listed above will be remitted in full, and the surplus
will eventually be repatriated to the Company.
