News

The Board of Directors of XiDeLang Holdings Ltd (“XDL” or “the Company”) wishes to announce that the Company has on 30 November 2017 approved to establish a dividend policy commencing for the financial year ending 31 December 2017 whereby 20% of the Company’s profit after tax, excluding exceptional items, will be distributed to its shareholders as dividend payment.

As XDL is an investment holding company, the Company’s income is dependent upon the dividends and other distributions that the Company receives from its subsidiaries. Therefore, the Company’s ability to pay dividends will be dependent on, inter alia, the following factors:-

1, The level of available cash and cash equivalents;

2. Return on equity and available retained earnings; and

3. The projected levels of capital expenditure and other investment plans.

The dividend policy is to allow our shareholders to participate in the Company’s profits, as well as to retain adequate reserves for our future growth.

The announcement is dated 30 November 2017.