Non-Cash Dividends (Property or Asset Distribution) 非现金股息（以资产或实物形式分派）

Dividend Taxation

Non-Cash Dividends (Property or Asset Distribution)

Where dividends are distributed in the form of property, shares, or other non-cash assets:

• The market value of the property at the date of distribution must be determined;
• This value must be clearly stated on the dividend voucher; and
• The stated value will be treated as the gross dividend amount for tax and reporting purposes.

Foreign shareholders should carefully assess the valuation and tax implications in their home jurisdiction, as non-cash dividends may trigger different tax treatments overseas.

股息税务

非现金股息（以资产或实物形式分派）
当公司以房地产、股份或其他非现金资产的形式分派股息时，须注意以下合规要求：

• 必须确定该资产在分派当日的市场价值；
• 该市场价值必须**清楚列明于股息凭证（Dividend Voucher）**上；以及
• 所列明的市场价值将被视为股息总额（Gross Dividend），用于税务申报及财务报告之目的。

外国股东应特别留意并审慎评估其本国税务管辖区下的估值及税务影响，因为非现金股息在海外可能触发与现金股息不同的税务处理方式。