Securities code: Yutong Heavy Industries Co.Ltd(600817) securities abbreviation: Yutong Heavy Industries Co.Ltd(600817) Announcement No.: 2022049 Yutong Heavy Industries Co.Ltd(600817)
Announcement on the implementation of annual profit 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 tips:
Distribution proportion per share
Cash dividend per share of a shares: 0.35 yuan (tax included)
Relevant date share class equity registration date last trading day ex right (interest) date cash dividend payment date
A shares 2022 / 5 / 262022 / 5 / 272022 / 5 / 27
Transfer of differentiated dividends: Yes
1、 Session and date of the general meeting of shareholders adopting the distribution plan
The profit distribution plan was reviewed and approved by the 2021 annual general meeting of shareholders held on April 21, 2022.
2、 Distribution scheme
1. Distribution year: 2021
2. Distribution object:
As of the afternoon of the equity registration date, after the closing of Shanghai Stock Exchange, all 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”).
According to the relevant provisions of the company law, the securities law, the rules for share repurchase of listed companies and other relevant laws and regulations, the shares repurchased in the company’s special account for repurchase and the restricted shares to be repurchased and cancelled will not participate in the profit distribution.
3. Differentiated dividend scheme:
(1) Specific scheme of differentiated dividend
The total share capital of the company on the equity registration date determined by the profit distribution implementation announcement is 539373371 shares, deducting the restrictions on the repurchased shares in the special repurchase account and the shares to be repurchased and cancelled
6361501 shares, i.e. taking 533011870 shares as the base, cash dividends of 3.50 yuan (including tax) will be distributed for every 10 shares, with a total of 18655415450 yuan (including tax).
(2) Calculation method of differentiated dividend ex right and ex interest
The company will calculate the ex rights and ex interest opening reference price according to the following formula:
Ex right (interest) reference price = (closing price of the previous trading day – cash dividend) ÷ (1 + change proportion of circulating shares)
Due to the company’s differentiated dividend this time, the cash dividend in the above formula refers to the cash dividend per share calculated according to the dilution adjustment of total share capital. The calculation formula is as follows:
Cash dividend per share = total share capital participating in distribution × Cash dividend per share actually distributed ÷ total share capital of the company = 533011870 × 0.35 ÷ 539373371 ≈ 0.3459 yuan / share.
According to the profit distribution plan adopted by the resolution of the company’s 2021 annual general meeting of shareholders, the company only distributes cash dividends this time, without share distribution and conversion to value-added distribution. Therefore, the company’s tradable shares will not change, and the change proportion of tradable shares is 0%.
To sum up, the ex right (interest) reference price = (closing price of the previous trading day -0.3459) ÷ (1 + 0%) = (closing price of the previous trading day -0.3459) yuan / share.
3、 Relevant date
Share class equity registration date last trading day ex right (interest) date cash dividend payment date
A shares 2022 / 5 / 262022 / 5 / 272022 / 5 / 27
4、 Distribution implementation measures
1. Implementation measures
The dividend of tradable shares without sale conditions is entrusted to CSDCC Shanghai branch through its capital clearing system to the shareholders who are registered after the closing of the Shanghai Stock Exchange on the equity registration date and have handled the designated transactions with the members of the 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
The cash dividends of shareholders of tradable shares with limited sales conditions shall be distributed by the company itself, and the restricted shares to be repurchased and cancelled shall not participate in this equity distribution.
3. Tax deduction description
(1) For natural person shareholders and securities investment funds holding tradable shares of the company without restrictions: according to 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 the differentiated individual income tax policy for dividends and bonuses of listed companies (CS [2012] No. 85), if the holding period is within 1 month (including 1 month), The actual tax rate is 20%; If the shareholding period is more than 1 month to 1 year (including 1 year), the actual tax rate is 10%; If the period of holding dividends exceeds 1 year, the individual income tax shall be exempted. The individual income tax will not be withheld temporarily for this profit distribution, and the actual cash dividend is RMB 0.35/share. When individuals and securities investment funds transfer shares, China Clearing Shanghai Branch will calculate the tax payable according to their shareholding period, and the securities company and other share custody institutions will deduct it from the capital account and transfer it to China Clearing Shanghai Branch, and then China Clearing Shanghai Branch will transfer it to the company, The company shall report and pay to the competent tax authority. (2) For natural person shareholders holding restricted shares of equity incentive of the company: according to the notice on issues related to the differentiated individual income tax policy of 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 of dividends and bonuses of listed companies (CS [2012] No. 85), if the holding period is within 1 month (including 1 month), The actual tax rate is 20%; If the shareholding period is more than 1 month to 1 year (including 1 year), the actual tax rate is 10%; If the holding period exceeds one year, the dividend income shall be exempted from individual income tax temporarily. The individual income tax will not be withheld temporarily for this profit distribution, and the actual cash dividend is RMB 0.35/share. When an individual transfers shares, the individual income tax will be calculated according to his holding period.
(3) For shareholders of qualified foreign institutional investors (“QFII”): according to the provisions of the notice on issues related to withholding and paying enterprise income tax by Chinese resident enterprises on paying dividends, bonuses and interests to QFII (Guo Shui Han [2009] No. 47), the company uniformly withholds and pays income tax at the tax rate of 10%, and the actual cash dividend after tax is RMB 0.315/share. If the relevant shareholders believe that the dividend income they obtain needs to enjoy the treatment of tax treaties (arrangements), they can apply to the competent tax authority after obtaining the dividend in accordance with the regulations.
(4) For investors of Shanghai Hong Kong stock connect (including enterprises and individuals): according to the notice of the Ministry of finance, the State Administration of Taxation and the CSRC on tax policies related to the pilot of Shanghai Hong Kong stock market trading interconnection mechanism (CS [2014] No. 81), their cash dividends will be distributed in RMB by the company through China Clearing Shanghai branch according to the account of Hong Kong Central Clearing Co., Ltd., the nominal holder of shares, The income tax is withheld and paid at the tax rate of 10%, and the actual cash dividend after tax is RMB 0.315/share. If the relevant shareholders believe that the dividend income they obtain needs to enjoy the treatment of tax treaties (arrangements), they can apply to the competent tax authority after obtaining the dividend in accordance with the regulations.
(5) For other institutional investors and corporate shareholders: the company does not withhold and pay income tax, and the actual cash dividend is RMB 0.35/share. It is up to them to judge whether they should pay enterprise income tax locally according to the tax law.
5、 Relevant consultation methods
For matters concerning the company’s annual profit distribution in 2021, please consult according to the following contact information:
Contact Department: Yutong Heavy Industries Co.Ltd(600817) Board Office
Tel.: 037185334130
It is hereby announced.
Yutong Heavy Industries Co.Ltd(600817) board of directors may 20, 2022
