Guangdong Expressway B dividend exchange rate rules

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Guangdong Expressway will distribute dividends of RMB 0.57 per share this year, while the dividends of B shares are in Hong Kong dollars, so there is a problem of exchange rate conversion. The exchange rate fluctuates greatly this year. What exchange rate is used to convert Guangdong Expressway B into Hong Kong dollars? Is this exchange rate good or bad relative to the current exchange rate? Checking the annual report, we learned: “The foreign currency conversion price of cash dividends for shareholders of B shares will be based on the first working day after the 2021 Annual General Meeting of Shareholders makes the dividend distribution resolution. The People’s Bank of China …

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