Concepcion Industrial Corporation announced that at its board meeting held on March 29, 2023, approved the declaration of cash dividends of PHP 0.50 per outstanding share of common stock of the Company payable on April 25, 2023 to holders of record as of April 18, 2023. The cash dividend was declared out of the unrestricted retained earnings of the Company as of December 31, 2022, which are sufficient to cover the total amount of the dividend declared.