Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2020-34
ADAMALtd.
Announcement of Dividend Distribution for the Year
2019
The Company and all members of its board of directors hereby confirm that all
information disclosed herein is true, accurate and complete with no false or
misleading statement or material omission.
The2019 Annual General MeetingofADAMA Ltd.(the“Company”)has approvedthe
2019 dividend distribution plan (the “Plan”) on May 20, 2020. The details of the
implementation of the distribution are as follows:
I．The Plan
On the basis of 2,446,553,582 total outstanding shares of the Company (among which
2,279,504,241 A shares and 167,049,341 B shares), to distribute RMB 0.12 per 10
shares, before tax, as cash dividend to all shareholders (After tax is deducted, RMB
0.108 for every 10 shares held by A-share QFII, RQFII and individuals and securities
investment funds holding restricted shares issued before IPO; for A-share shareholders
holding restricted shares issued after IPO, restricted shares for stock incentive, and
non-restricted outstanding shares, different tax rates will be applied on the dividend: a
dividend of RMB 0.12 for every 10 shares will be distributed first, then the tax will be
deducted according to the actual shareholding period and number of shares sold by
investor after the equity registration day (please see the note below); for securities
investment funds holding restricted A-shares issued after IPO, restricted A-shares for
stock incentive, and non-restricted outstanding A-shares,: the tax rate shall be 10% for
theHong Konginvestors holdingfunds shares, and different tax rateswill be appliedon
the dividend distributed to the mainland investors holding funds shares; the after-tax
dividend for B-share non-resident enterprises and individuals holding restricted shares
issued before IPO is RMB 0.108 for every 10 shares. Different tax rates will be applied
on the dividend distributed to domestic (overseas) individual shareholders：a dividend
of RMB 0.12 for every 10 shares will be distributed first, then the tax will be deducted
according to the actual shareholding period and number of shares sold by the investor
after the equity registration day).
[Note: On first –in –first –out basis, shareholding periods are calculated upon each
shareholders’ account, namely RMB 0.024 of tax per 10 shares for a period under one
month(inclusive); RMB 0.012 of tax per share for a period between one month and one
year(inclusive); no tax is payable for a period of over one year.]
Special note: Since the Company is a Sino-foreign joint venture, individual foreign
investors could temporarily be exempted from dividend income tax.
Dividend for B shares will be distributed in Hong Kong Dollars. According to the
Articles of Association of the Company, the exchange rate will be the daily reference
rate between RMB and HKD (HKD1.00 = RMB0.9144) published by the People’s
Bank of China at the 1st bank day (May 21, 2020) following the 2019 Annual General
Meeting.
II. Registration Day and Ex-dividend Day
The equity registration day ofAshares is June 29, 2020.
The ex-dividend day of bothAshares and B shares is June 30, 2020.
The final trading day of B shares is June 29, 2020.
The equity registration day of B shares is July 2, 2020.
III. Shareholders Entitled to Receive the Dividend
The following shareholders are entitled to receive the dividend: All shareholders
holding Company A shares registered by China Securities Depository & Clearing
Corporation Ltd. Shenzhen Branch (“China Clearing Shenzhen Branch”) upon the
closing of Shenzhen Stock Exchange in the afternoon of June 29, 2020 and all
shareholders holding Company B shares registered by the China Clearing Shenzhen
Branch upon the closing of the Shenzhen Stock Exchange in the afternoon of July 2,
2020 (the final trading day is June 29, 2020)
IV. Ways of Distribution
1. The distribution of A shares dividend by the entrusted China Clearing Shenzhen
Branch will be directly transferred into the shareholders’ accounts of the entrusted
Security agency or other entrusted institutions on June 30, 2020.
Dividend for B shares will be transferred to the shareholders’ accounts through the
entrusted Security agency or the entrusted bank on July 2, 2020. If shareholders of B
shares transfer the custody of “ADAMA B” on July 2, 2020, they should still withdraw
their dividends at the original entrusted Security agency or the entrusted bank
2. The Company will distribute dividend to the following A shares shareholders:
Number Shareholders’ Account Name of Shareholders
1 08 *****806 Syngenta Group Co.,Ltd.
2 08 *****389 Jingzhou Sanonda Holdings Co., Ltd.
During the period of applying for the dividend distributi
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