HK Stock Market Move | AUX ELECTRIC (02580) increased by over 7%. The board of directors approved a 3-year dividend payout plan, with an annual distribution of no less than 75% of net profits.

AUX ELECTRIC (02580) surged over 7%, rising 7.24% to HK$15.25 as of the reporting time, with a turnover of HK$172.159 million. In terms of news, AUX ELECTRIC announced that its board of directors has approved a dividend payment plan, under which the company will declare and pay dividends to shareholders for the three years ending on December 31, 2025, 2026, and 2027. According to the dividend payment plan, depending on the market conditions at the time and the final approval of the board of directors at the relevant time, the company will maintain the declaration and payment of dividends for the three years ending on December 31, 2025, 2026, and 2027. The annual dividend shall not be less than 75% of the attributable net profit of the company for the relevant financial year. The company stated that the dividend payment plan is in response to market demands, aiming to protect the legitimate rights and interests of shareholders and company investors by increasing returns while maintaining the financial strength of the group to support its sustainable development needs. The board of directors believes that implementing the dividend payment plan is in the best interests of the company and shareholders overall.