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Huafon Chemical Unveils Three-Year Dividend Plan

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Huafon Chemical (SHE:002064) formulated its dividend plan for the next three years, according to a Thursday filing with the Shenzhen bourse.

The plan discloses that the company will be able to distribute profits if conditions for cash dividends are met, but cash dividend policies could be differentiated depending on the company's conditions, ranging from 20% to 80% of the profits distributed during the reported earnings period.

The Chinese chemical company's shares slipped 1% during the morning trade.

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