Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2023-22
ADAMA Ltd.
Announcement of Dividend Distribution for the Year
2022
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 2022 Annual General Meeting of ADAMA Ltd. (the “Company”) approved the
2022 dividend distribution plan (the “Plan”) on April 12, 2023. 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 0.27 per 10
shares, before tax, as cash dividend to all shareholders (After tax is deducted, RMB
0.243 for every 10 shares held by A-share QFII, RQFII and individuals and securities
investment funds holding restrictedshares issued before IPO; for A-share shareholders
holding restricted shares issued after IPO, restrictedshares for stockincentive, and non-
restricted outstanding shares, different tax rates will be applied on the dividend: a
dividend of RMB 0.27 for every 10 shares willbe distributed first, then the tax willbe
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 willbe appliedon the dividenddistributed
to the mainland investors holding funds shares; the after-tax dividend for B-share non-
resident enterprises and individuals holding restrictedshares issued before IPO isRMB
0.243 for every 10 shares. Different taxrates willbe appliedonthe dividenddistributed
to domestic (overseas) individual shareholders：a dividend of RMB 0.27 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 0.054 of tax per 10 shares for a period under one
month(inclusive); RMB 0.027 oftax per 10 shares fora period between onemonth 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 Dollar s. 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 0.8749) published by the People’s
Bank of China at the 1st bank day (April 13,2023) following the 2022 Annual General
Meeting.
The dividend distribution planimplemented is consistent withthe planapprovedbythe
2022 Annual General Meeting of the Company.
From the announcement of 2022 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 of Ashares is June 5, 2023.
The final trading day of B shares is June 5, 2023.
The ex-dividend day of both Ashares and B shares is June 6, 2023.
The equity registration day of B shares is June 8, 2023.
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 5, 2023 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 8,
2023 (the final trading day is June 5, 2023)
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 6, 2023.
Dividend for B shares will be transferred to the shareholders’ accounts through the
entrusted Security agency or the entrusted bank on June 8, 2023. If shareholders of B
shares transfer the custody of “ADAMA B” on June 8,2023, they should stillwithdraw
their divid
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