Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2023—027
Jiangling Motors Corporation, Ltd.
Public Announcement on Year 2022 Dividend Distribution
Jiangling Motors Corporation, Ltd. and its Board members undertake that the
information disclosed herein is truthful, accurate and complete and does not
contain any false statement, misrepresentation or major omission.
I. Review and approval of the Proposal on Dividend Distribution at a Shareholders’
Meeting
(hereinafter referred to as “JMC” or the “Company”) for the year 2022 was
approved at the Company’s 2022 Annual Shareholders’ Meeting held on June 16,
Company’s total share capital of 863,214,000 shares, a cash dividend of RMB 4.24
(including tax) per 10 shares is to be distributed to shareholders.
the distribution proposal to the implementation period. The total share capital is
and the total number of B shares is 344,000,000 shares.
distribution approved at the Shareholders’ Meeting.
the annual shareholders’ meeting.
II. Proposal on Dividend Distribution
The proposal on dividend distribution of the Company for the year 2022 is as follows:
based on the Company’s total share capital of 863,214,000 shares, a cash dividend of
RMB 4.24 (including tax) per 10 shares is to be distributed to shareholders. After tax,
qualified foreign institutional investors (QFII and RQFII) holding the Company’s
A-shares, individual shareholders and securities investment funds holding the
Company’s pre-IPO limited tradable A-shares will receive a cash dividend of RMB
tradable A-shares, equity incentive limited tradable A-shares or unlimited tradable
A-shares will receive their dividends at differentiation tax rate, i.e., receive a cash
dividend of RMB 4.24 per 10 shares firstly and pay taxes per actual shareholding
period in case investors reduce their holdings of shares after equity record day (Note).
Regarding to the tax on dividends of securities investment funds holding the
Company’s post-IPO limited tradable A-shares, equity incentive limited tradable
A-shares or unlimited tradable A-shares, Hong Kong investors will pay tax at 10% of
tax rate, and domestic investors will pay tax at differentiation tax rate. Non-resident
enterprise shareholders holding the Company’s B-shares and individual shareholders
holding the Company’s pre-IPO limited tradable B-shares will receive an after-tax cash
dividend of RMB 3.816 per 10 shares. Domestic and foreign individual shareholders
holding the Company’s unlimited tradable B-shares will receive their dividends at
differentiation tax rate, i.e., receive a cash dividend of RMB 4.24 per 10 shares firstly
and pay taxes per actual shareholding period in case investors reduce their holdings of
shares after equity record day.
Note: shareholding period will be counted on securities account and apply “First-In,
First-Out”. Regarding the shareholding period within one month (including one month),
the shareholder will pay extra tax payment of RMB 0.848 per 10 shares when sells the
shares; regarding the shareholding period between over one month and one year
(including one year), the shareholder will pay extra tax payment of RMB 0.424 per 10
shares; regarding the shareholder period over one year, there is no extra tax payment.
Special statement: as the Company is a joint venture, the foreign individual
shareholders may temporarily exempt from dividend income tax.
The cash dividend paid to the shareholders holding B shares shall be paid in Hong
Kong Dollars converted at HKD 1.00 = RMB 0.9102, being the middle rate of the
exchange rates between HK dollar and RMB quoted by the People’s Bank of China on
the first business day (June 19, 2023) immediately after the relevant resolutions were
passed at the Company’s Shareholders’ Meeting. The tax to be paid by the individual
shareholders holding B shares withheld in the future shall be converted according to
the aforementioned exchange rate.
III. Equity Record Date and Ex-dividend Date
Ex-dividend date: July 21, 2023.
Ex-dividend date: July 21, 2023;
Equity record date for B shares: July 25, 2023.
IV. Beneficiaries
Depository and Clearing Corporation, Ltd., Shenzhen Branch, as of the afternoon
closing of Shenzhen Stock Exchange on July 20, 2023.
Depository and Clearing Corporation, Ltd., Shenzhen Branch, as of the afternoon
closing of Shenzhen Stock Exchange on July 25, 2023 (the last trading date is July
V. Distribution Methods
Securities Depository and Clearing Corporation, Ltd., Shenzhen Branch to
distribute, will be remitted directly to the shareholders’ accounts through their
authorized brokers on July 21, 2023.
Securities Depository and Clearing Corporation, Ltd., Shenzhen Branch to
distribute, will be remitted directly to the shareholders’ accounts through their
authorized brokers or custodian banks on July 25, 2023. If a B-share holder
changes his/her custodian on July 25, 2023, he/she shall still receive the dividend
from the former custodian.
Ltd.
During the application period for equity distribution business (application date: July 5,
China Securities Depository and Clearing Corporation, Ltd., Shenzhen Branch to
distribute is insufficient due to the reduction of shares in the securities account of the
shareholders whose dividend distributed by the Company directly, all the legal
liabilities and consequences shall be borne by the Company.
VI. Other Explanation
If there is a case in which the dividend held by a B-share holder was withheld income
tax but the shareholder is not a domestic individual or non-resident enterprise, please
contact the Company before August 25, 2023 (including the day) and provide relevant
materials for screening. Upon confirmation, the Company will assist in the refund of
the taxes withheld.
VII. Consulting Institute: Securities Department, Jiangling Motors Corporation, Ltd.
Address: No.2111, middle Yingbin Avenue, Nanchang County, Nanchang City, Jiangxi
Province, P.R.C.
Tel: 0791-85266178
Fax: 0791-85232839
Contact person: Quan Shi, Wan Xianke
The announcement is hereby published.
Board of Directors
Jiangling Motors Corporation, Ltd.
July 14, 2023
首页
微信公众号
证券之星APP
