Stock Code: 000553(200553) Stock Abbreviation: Sanonda A(B)
Announcement No. 2018-38
Hubei Sanonda Co., Ltd.
Announcement of Dividend Distribution for Year 2017
The Company and all members of its Board of Directors confirm that all the
information disclosed herein is true, accurate, and complete with no false or
misleading statement or material omission.
The 2017 Annual Shareholders Meeting of Hubei Sanonda Co., Ltd. (the “Company”)
has approved the 2017 dividend distribution plan (the “Plan”) on June 28, 2018. The
details for implementing the distribution are as follows:
I．The Plan
The Plan is: Taking the total outstanding 2,446,553,582 shares of the Company as the
basis, to distribute RMB 0.63 per 10 shares as cash dividend to all shareholders
(including tax; after tax is deducted, RMB 0.567 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 0.63 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 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 0.567
for every 10 shares. Different tax rates will be applied on the dividend distributed to
domestic (overseas) individual shareholders：a dividend of RMB 0.63 for every 10
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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 0.126 of tax per 10 shares for under
1month(include); RMB 0.063 of tax per share for between 1 month and
1year(include);no tax is payable for 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. According to the
Articles of Association of the Company, the exchange rate will be the medial rate
between RMB and HKD (HKD1.00 = RMB0.8431) published by People’s Bank of
China at the 1st bank day (June 29, 2018) after the 2017 Annual Shareholders Meeting.
Future tax payment withheld for the B-share individual investors will use
aforementioned exchange rate.
II. Registration Day and Ex-dividend Day
The equity registration day of A shares is: August 14, 2018.
The ex-dividend day of both A shares and B shares is August 15, 2018.
The final trading day of B shares is August 14, 2018.
The equity registration day of B shares is: August 17, 2018.
III. Shareholders Entitled to Receive the Dividend
The following shareholders are entitled to receive the dividend: all the A shareholders
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 August 14, 2018. By the close of the Shenzhen Stock
Exchange in the afternoon of August 17, 2018 (the final trading day is August 14, 2018),
all shareholders of the company's B shares registered by the China Clearing Shenzhen
Branch.
IV. Ways of Distribution
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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 August 15, 2018.
Dividend for B shares will be transferred to the shareholders’ accounts through the
entrusted Security agency or the entrusted bank on August 17, 2018. If shareholders of
B shares transfer the custody of “Sanonda B” on August 17, 2018, they should still
withdraw their dividends at the original entrusted Security agency or the entrusted bank
2. The Company will directly distribute the following A shares shareholders’ dividend:
Number Shareholders’ Account Name of Shareholders
1 08 *****652 China National Agrochemical Co., Ltd.
2 08 *****389 Jingzhou Sanonda Holdings Co., Ltd.
During the period of applying for the dividend distribution (from the application date
August 2,2018 to the equity registration date August 14,2018), if the shares of the
above two shareholders decrease which lead to the cash remitted to China Clearing
Shenzhen Branch by the Company is insufficient for the dividend distribution, the
Company shall take all legal responsibility.
V. Explanation on other Matter
For B shareholder who is not a domestic individual shareholder or a non-residential
enterprise but is deducted withholding tax, please contact the Company before the end
of September 18, 2018, and provide the related materials. The Company will help to
apply the refund.
VI. Consulting
Consulting Address: 6/F, No.7 Office Building, No.10 Courtyard, Chaoyang Park
Contact Person: Guo Zhi, Wang Zhujun
Phone: 010-56718200
Fax: 010-59246175
Board of Directors of Hubei Sanonda Co., Ltd.
August 7, 2018
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