Stock Code: 000553(200553) Stock Abbreviation: ADAMA A(B) Announcement No.2019-40
ADAMA Ltd.
Announcement of Dividend Distribution for the Year
2018
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 2nd Interim Shareholders Meeting in 2019 of ADAMA Ltd. (the “Company”) has
approved the 2018 dividend distribution plan (the “Plan”) on May 30, 2019. The details
of the implementation of the distribution are as follows:
I．The Plan
On the basis of 2,446,553,582 total outstanding shares of the Company, to distribute
RMB 0.97 per 10 shares, before tax, as cash dividend to all shareholders (After tax is
deducted, RMB 0.873 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 0.97 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 0.873 for every 10 shares. Different tax
rates will be applied on the dividend distributed to domestic (overseas) individual
shareholders：a dividend of RMB 0.97 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).
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[Note: On first –in –first –out basis, shareholding periods are calculated upon each
shareholders’ account, namely RMB 0.194 of tax per 10 shares for a period under
1month(inclusive); RMB 0.097 of tax per share for a period between 1 month and
1year(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 (HKD1.00 = RMB0.8791) published by the People’s
Bank of China at the 1st bank day (May 31, 2019) following the 2nd Interim
Shareholders Meeting in 2019.
II. Registration Day and Ex-dividend Day
The equity registration day of A shares is: July 23, 2019.
The ex-dividend day of both A shares and B shares is July 24, 2019.
The final trading day of B shares is July 23, 2019.
The equity registration day of B shares is: July 26, 2019.
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 July 23, 2019 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 July 26,
2019 (the final trading day is July 23, 2019)
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 July 24, 2019.
Dividend for B shares will be transferred to the shareholders’ accounts through the
entrusted Security agency or the entrusted bank on July 26, 2019. If shareholders of B
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shares transfer the custody of “ADAMA B” on July 26, 2019, they should still
withdraw their dividends at the original entrusted Security agency or the entrusted bank
2. The Company will distribute dividend to the the following A shares shareholders:
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
July 11, 2019 to the equity registration date July 23,2019), if the number of shares of
the above two shareholders 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 August 27, 2019, 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: 010-56718200
Fax: 010-59246175
Board of Directors of ADAMA Ltd.
July 17, 2019
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