Securities code: First Tractor Company Limited(601038) securities abbreviation: First Tractor Company Limited(601038) Announcement No.: pro 202228 First Tractor Company Limited(601038)
Announcement on the implementation of annual equity distribution in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content: distribution proportion per share
Cash dividend per share of a shares: RMB 0.117 (tax included)
Cash dividend per share after tax deduction: individual shareholders and securities investment funds will not withhold individual income tax temporarily, and a cash dividend of RMB 0.117 per share will be distributed. The tax payable will be calculated according to the holding period when the shares are actually transferred. Qualified foreign institutional investors (“QFII”) and investors in the Hong Kong market withhold and pay income tax at the tax rate of 10%, and distribute a cash dividend of RMB 0.1053 per share after tax. Other institutional investors and shareholders of corporate shares shall pay their own income tax and pay a cash dividend of RMB 0.117 per share. Relevant date
Share class equity registration date last trading day ex right (interest) date cash dividend payment date
A shares 2022 / 5 / 272022 / 5 / 302022 / 5 / 30
Differentiated dividend distribution and transfer: No. the cash dividend distribution of H-share shareholders is not applicable to this announcement. 1. The session and date of the general meeting of shareholders passing the distribution plan
The profit distribution plan was reviewed and approved by the 2021 annual general meeting of shareholders held by First Tractor Company Limited(601038) (hereinafter referred to as “the company”) on May 13, 2022. The announcement of the resolution of the general meeting of shareholders was approved on May 14, 2022 by China Securities News, Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN) publish.
2、 Distribution scheme 1 Distribution year: 2021 2 Assigned to:
As of the equity registration date, after the closing of Shanghai Stock Exchange, all A-share shareholders of the company registered with China Securities Depository and Clearing Co., Ltd. Shanghai Branch (hereinafter referred to as “China Securities Depository and clearing Shanghai Branch”). 3. Distribution plan:
This profit distribution is based on 1123645275 shares of the company’s total share capital before the implementation of the plan, with a cash dividend of RMB 0.117 per share (including tax), totaling RMB 13146649718. 3、 Relevant date
Share class equity registration date last trading day ex right (interest) date cash dividend payment date
A shares 2022 / 5 / 272022 / 5 / 302022 / 5 / 30
4、 Distribution implementation method 1 Implementation measures
In addition to the shareholders who pay dividends by themselves, the dividends of other A-share circulating shareholders of the company entrust China Clearing Shanghai branch to distribute them through its capital clearing system to the shareholders who are registered after the closing of Shanghai Stock Exchange on the equity registration date and have handled designated transactions with the members of Shanghai Stock Exchange. Investors who have handled designated transactions can receive cash dividends at their designated securities business department on the dividend payment day. Shareholders’ dividends who have not handled designated transactions are temporarily kept by China Clearing Shanghai branch and distributed after handling designated transactions. 2. Self distribution object
China YITUO Group Co., Ltd Tax deduction description
(1) According to the relevant provisions of the Ministry of finance, the State Administration of Taxation and the CSRC, the natural person shareholders and securities investment funds holding A-Shares of the company are temporarily exempted from individual income tax in accordance with the notice on issues related to the differentiated individual income tax policy for dividends and bonuses of listed companies (CS [2015] No. 101) and the notice on issues related to the implementation of differentiated individual income tax policy for dividends and bonuses of listed companies (CS [2012] No. 85), The actual cash dividend is RMB 0.117 per share. When natural person shareholders and securities investment funds transfer their shares, CSDCC Shanghai Branch calculates the actual tax payable according to their shareholding period, and the securities company and other share custody institutions deduct it from the personal capital account and transfer it to CSDCC Shanghai Branch. CSDCC Shanghai branch transfers it to the company within 5 working days of the next month, and the company reports and pays the tax to the competent tax authority within the legal declaration period of the month in which the tax is received.
The specific actual tax burden is: for the company’s shares obtained by individuals and securities investment funds from the public offering and transfer market, if the holding period is less than 1 month (including 1 month), the full amount of dividend income is included in the taxable income, the actual tax burden is 20%, and the actual cash dividend per share is RMB 0.0936; If the shareholding period is more than 1 month to 1 year (including 1 year), it shall be included in the taxable income at a temporary reduction of 50%, the actual tax burden is 10%, and the actual cash dividend per share is RMB 0.1053. If the shareholding period exceeds 1 year, the dividend income is temporarily exempted from personal income tax, and the actual cash dividend per share is RMB 0.117.
(2) For the cash dividends of QFII shareholders holding A-Shares of the company, according to the provisions of the notice on issues related to the withholding and payment of enterprise income tax by Chinese resident enterprises paying dividends, bonuses and interest to QFII (Guo Shui Han [2009] No. 47), the company will withhold and pay income tax at the rate of 10%, and the actual cash dividends after deduction are RMB 0.1053 per share. If the relevant shareholders believe that their dividend income enjoys any tax treaty (arrangement) treatment, they can apply to the competent tax authority after obtaining the dividend according to the regulations.
(3) For Hong Kong market investors (including enterprises and individuals) who invest in the company’s A-Shares through Shanghai Stock connect, their cash dividends will be distributed by the company in RMB through zhongdeng Shanghai branch according to the account of the nominal holder of the shares. According to the notice of the Ministry of finance, the State Administration of Taxation and the CSRC on the tax policies related to the pilot of Shanghai Hong Kong stock market trading interconnection mechanism (CS [2014] No. 81), The income tax is withheld and paid by the company at the tax rate of 10%, and the actual cash dividend after tax is RMB 0.1053 per share. If Hong Kong investors are tax residents of other countries and the tax treaty signed between their home country and China stipulates that the income tax rate of dividends and bonuses is less than 10%, the relevant enterprises or individuals can apply to the competent tax authority of the company for the treatment of tax treaty on their own or entrust a withholding agent, and after the examination and approval of the competent tax authority, The tax shall be refunded according to the difference between the taxed amount and the tax payable calculated according to the tax treaty rate.
(4) For other institutional investors, the company will not withhold and remit enterprise income tax, and the taxpayer will decide whether to pay enterprise income tax locally according to the tax law. The actual cash dividend is RMB 0.117 per share. 5、 Relevant consultation methods
If you have any questions about the annual equity distribution of the company in 2021, please consult according to the following contact information: contact Department: Office of the board of directors
Tel.: 037964967038
It is hereby announced.
First Tractor Company Limited(601038) board of directors may 23, 2022
