Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2023-22
ADAMA Ltd.
Announcement of Dividend Distribution for the Year
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
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
shares, before tax, as cash dividend to all shareholders (After tax is deducted, RMB
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 0.27 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
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
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 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 0.8749) 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 plan implemented is consistent with the plan approved by the
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 A shares is June 5, 2023.
The final trading day of B shares is June 5, 2023.
The ex-dividend day of both A shares 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,
IV. Ways of Distribution
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 still withdraw
their dividends at the original entrusted Security agency or the entrusted bank.
Number Shareholders’ Account Name of Shareholders
During the period of applying for the dividend distribution (from the application date
May 26, 2023, to the equity registration date June 5, 2023), if the number of shares of
the above shareholder decreases, leading to the cash remitted to China Clearing
Shenzhen Branch by the Company being insufficient for the dividend distribution, the
Company shall take full legal responsibility.
V. Explanation on other Matter
Shareholders of B shares who are not domestic individual shareholders or non-
residential enterprises but are subject to deduction of withholding tax, are invited to
contact the Company before the end of July 7, 2023 and provide the related materials
to allow the Company to assist in applying for the refund.
VI. Contact Information
Address: 6/F, No.7 Office Building, No.10 Courtyard, Chaoyang Park
Contact Person: Guo Zhi, Wang Zhujun
Phone: 010-56718110 Fax: 010-59246175
Board of Directors of ADAMA Ltd.
May 31, 2023
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