Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2022-21
ADAMALtd.
Announcement of Dividend Distribution for the Year
2021
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.
The 2021 Annual General Meeting of ADAMA Ltd. (the “Company”) approved the
2021 dividend distribution plan (the “Plan”) on April 21, 2022. The details of the
implementation of the distribution are as follows:
I．The Plan
On the basis of 2,329,811,766 total outstanding shares of the Company (among which
2,177,071,961 A shares and 152,739,805 B shares), to distribute RMB 0.08 per 10
shares, before tax, as cash dividend to all shareholders (After tax is deducted, RMB
0.072 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 0.08 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 eligible for lending issued after IPO,
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 the Hong Kong
investors holding funds shares, and different tax rates will be applied on 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 0.072 for every 10 shares. Different tax rates will be applied on the
dividend distributed to domestic (overseas) individual shareholders：a dividend of
RMB 0.08 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 0.016 of tax per 10 shares for a period under one
month(inclusive); RMB 0.008 of tax per 10 shares 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 (HKD 1.00 = RMB 0.8234) published by the People’s
Bank of China at the 1st bank day (April 22, 2022) following the 2021 Annual General
Meeting.
The dividend distribution plan implemented is consistent with the plan approved bythe
2021 Annual General Meeting of the Company.
From the announcement of 2021 annual dividend distribution plan till its
implementation, if there is any change to the total outstanding shares of the Company,
the allocation ratio of dividends remains unchanged.
II. Registration Day and Ex-dividend Day
The equity registration day ofAshares is June 6, 2022.
The final trading day of B shares is June 6, 2022.
The ex-dividend day of bothAshares and B shares is June 7, 2022.
The equity registration day of B shares is June 9, 2022.
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 6, 2022 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 June 9,
2022 (the final trading day is June 6, 2022)
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 7, 2022.
Dividend for B shares will be transferred to the shareholders’ accounts through the
entrusted Security agency or the entrusted bank on June 9, 2022. If shareholders of B
shares transfer the custody of “ADAMA B” on June 9, 2022, theyshould still withd
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