Understanding the Market | AUX ELECTRIC rises over 7% as the board approves a 3-year dividend distribution plan, distributing no less than 75% of net profit each year

AUX ELECTRIC rose over 7%, as of the time of writing, up 7.24%, reported at HKD 15.25, with a transaction volume of HKD 17.2159 million. In terms of news, AUX ELECTRIC announced that its board of directors has approved a dividend distribution plan, under which the company will declare and pay dividends to shareholders for the three fiscal years ending December 31, 2025, 2026, and 2027. According to the dividend distribution plan, depending on market conditions at the time and the final approval of the board of directors at that time, the company will maintain the declaration and payment of dividends for the three fiscal years ending December 31, 2025, 2026, and 2027. The annual dividend will not be less than 75% of the net profit attributable to the owners of the company for the relevant fiscal year. The company stated that the dividend distribution plan is in response to market demands, aiming to protect the legitimate rights and interests of shareholders and company investors by increasing returns, while retaining the group's financial strength to support its sustainable development needs. The board of directors believes that implementing the dividend distribution plan is in the overall best interests of the company and its shareholders