TIDMHTSC
RNS Number : 2244I
Huatai Securities Co., Ltd
03 August 2023
ANNOUNCEMENT ON IMPLEMENTATION OF EQUITY DISTRIBUTION FOR 2022
OF HUATAI SECURITIES CO., LTD.
I. SESSION AND DATE OF THE GENERAL MEETING AT WHICH THE
DISTRIBUTION PLAN WAS APPROVED
The profit distribution plan was considered and approved at the
2022 annual general meeting of the Company on June 30, 2023. The
announcement on the resolution of the general meeting has been
published on the website of the Shanghai Stock Exchange
(http://www.sse.com.cn), HKEXnews website of the Hong Kong
Exchanges and Clearing Limited (http://www.hkexnews.hk), website of
the London Stock Exchange (http://www.londonstockexchange.com) and
website of the Company (http://www.htsc.com.cn).
II. DISTRIBUTION PLAN
1. Year of Distribution: 2022
2. Distribution Participants:
All shareholders of the Company (excluding 45,278,495 A shares
of the special account for securities repurchase of Huatai
Securities Co., Ltd. and 925,692 A shares to be repurchased and
cancelled) registered in the Shanghai Branch of China Securities
Depository and Clearing Company Limited as at the close of the
Shanghai Stock Exchange in the afternoon of the record date.
3. Differentiated Dividend Distribution Plan:
(1) The differentiated dividend distribution plan
According to the Resolution on the 2022 Profit Distribution of
the Company, which was considered and approved at the 2022 annual
general meeting of the Company, the profit distribution plan of the
Company for 2022 is as follows.
1.The Company will distribute cash dividend of RMB4.50 (tax
inclusive) per 10 shares based on the Company's total share capital
of 9,075,589,027 shares after deducting 45,278,495 A Shares
deposited in the special account for securities repurchase and
925,692 A Shares to be repurchased and cancelled (i.e. on the basis
of 9,029,384,840 shares), with the total cash dividend of
RMB4,063,223,178.00 (tax inclusive), representing 36.76% of net
profit attributable to the shareholders of the Parent Company on a
consolidated basis for 2022.
If the total share capital of the Company changes as a result of
repurchase and cancellation of shares granted in the equity
incentive scheme during the period from the disclosure date of this
proposal to the record date of the implementation of the dividend
distribution, the Company intends to maintain the distribution
ratio per share unchanged and adjust the total amount of
distribution accordingly. The remaining profit available for
distribution to investors will be carried forward to the next
year.
2.Cash dividend is denominated and declared in RMB and paid to
holders of A Shares (including the depositary of GDRs) and the
investors of Southbound Trading in RMB and to holders of H Shares
(excluding the investors of Southbound Trading) in HKD. The actual
amount of distribution in HKD shall be calculated at the rate of
average benchmark exchange rate of RMB against HKD issued by the
PBOC five business days prior to the date of the 2022 annual
general meeting of the Company.
(2) The Calculation Basis for Ex-rights and Ex-dividends of the
Differentiated Dividend Distribution
According to the relevant provisions of the Rules Governing the
Listing of Stocks of the Shanghai Stock Exchange, the Company
calculates the ex-rights (ex-dividends) opening reference price
according to the following formula:
Ex-rights (ex-dividends) reference price = [(previous closing
price - cash dividends per share) + rights issue (new share) price
x percentage of changes in circulating shares] ÷ (1+ percentage of
changes in circulating shares)
According to the Resolution on the Profit Distribution Proposal
considered and approved at the 2022 annual general meeting of the
Company, the specific calculation process of the differentiated
dividend ex-rights and ex-dividends is as follows:
The total share capital of the Company is 9,075 , 589,027
shares. After deducting the 45,278,495 A shares held in the special
account for securities repurchase, which shall not be entitled to
the profit distribution, and 925,692 A shares to be repurchased and
cancelled, the number of shares actually participated in the
distribution are 9,029,384,840 shares;
Cash dividend per share = total share capital participating in
distribution x cash dividend per share actually distributed ÷ total
share capital = (9,029,384,840 × RMB0.45) ÷ 9,075,589,027 .APPROX.
RMB0.4477;
According to the Resolution on the 2022 Profit Distribution of
the Company considered and approved at the 2022 annual general
meeting, the profit distribution plan does not involve
capitalization of shares or distribution of additional shares, so
the percentage of changes in circulating shares is "0".
In summary, the Company's ex-rights (ex-dividends) reference
price = [(previous-closing price - RMB0.45) +0] ÷ (1+0) = previous
closing price - RMB0.4477 per share.
I II. RELEVANT DATE
Class of shares Record date Last trading day Ex-rights Cash dividend payment date
(ex-dividends) date
A Shares 2022/8/10 2022/8/11 2022/8/11
------------ ----------------- --------------------- ---------------------------
IV. PROFIT DISTRIBUTION MATTERS FOR GDR INVESTORS
The Company shall distribute cash dividends to Citibank and
National Association, the nominal holders of domestic basic A
Shares corresponding to GDR. A ccording to the Corporate Income Tax
Law of the PRC ( ) and other relevant tax regulations, the Company
shall withhold and pay income taxes at a tax rate of 10%. For the
qualified investors who invest in the GDR issued by the Company on
London Stock Exchange and comply with the relevant domestic and
foreign regulatory rules (hereinafter referred to as "GDR
investors"), if they are entitled to the treatment as stipulated in
relevant tax treaties (arrangements), applications can be submitted
to the governing tax authority according to regulations.
The record date of GDR investors is the same as the record date
of holders of A Shares. The cash dividend will be distributed to
GDR investors by Citibank and National Association through
Euroclear Bank SA/NV, Clearstream Banking, S.A. on August 18, 2023
(London time).
Huatai Securities Co., Ltd.
August 3, 2023
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END
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