News

Proposed Final Dividend For Financial Year Ended 31 December 2003 - Reduction In Corporate Tax Rate

In the Budget for 2004 announced on 27 February 2004, the corporate tax rate was reduced from 22% to 20%.

Accordingly, Food Empire Holdings Limited's first & final dividend of 0.5 cent per ordinary share (less tax) and special dividend of 0.75 cent per ordinary share (less tax), if approved at its forthcoming Annual General Meeting to be held on 27 April 2004, will be subject to a corporate tax rate of 20%. The net first & final dividend payable will be 0.4 cent per ordinary share and the net special dividend payable will be 0.6 cent per ordinary share.