China ComService Announces 2026-2028 Dividend Plan, Targeting ≥46% Payout by 2028

Bulletin Express
Yesterday

China Communications Services Corporation Limited (China ComService, 00552) disclosed a three-year dividend distribution and shareholder return plan covering fiscal years 2026-2028.

Under the plan, the company will maintain a “continuous and stable” cash-dividend policy. Key parameters include:

• Dividend payout ratio definition: total annual cash dividends divided by profit attributable to equity holders under IFRS.

• Progressive increase: the payout ratio will rise from the 2025 level of 43%, with the 2028 ratio set at not less than 46%. Annual increments will be calibrated to operating performance and cash-flow status.

• Year-by-year determination: specific dividend per share and payout ratio for each year will be proposed after audited results, factoring in operating conditions, free cash flow, capital expenditure, and other funding needs. Final distribution will require board and shareholder approval in line with the company’s Articles of Association.

The board reserves the right to adjust the plan during 2026-2028 if force majeure events, material changes in the external environment, or significant shifts in operating performance or funding requirements prevent execution as outlined.

The board approved the plan on 26 August 2026. Chairman Luan Xiaowei signed the announcement released in Beijing on the same day.

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