Securities code: Zhejiang Cfmoto Power Co.Ltd(603129) securities abbreviation: Zhejiang Cfmoto Power Co.Ltd(603129) Announcement No.: 2022029 Zhejiang Cfmoto Power Co.Ltd(603129) 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 is 0.83 yuan
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
Differentiated dividend transfer: first, 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 on May 6, 2022.
2、 Distribution scheme 1 Distribution year: 2021 Assigned to:
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”). 3. Differentiated dividend transfer scheme:
(1) This dividend differentiation scheme
According to the plan on profit distribution in 2021 approved by the company’s annual general meeting in 2021, the company’s profit distribution plan in 2021 is as follows:
The company plans to take the total number of shares after deducting the company’s repurchased treasury shares from the total share capital on the equity registration date when the equity plan is implemented, that is, the total share capital of the company – repurchased treasury shares = 150077374245411 = 149831963 shares, with a cash dividend of 0.83 yuan per share, and the total cash bonus is expected to be 12436052929 yuan (including tax, the same below). No bonus shares will be given this year, nor will the capital reserve be converted into share capital. All the remaining undistributed profits will be carried forward and distributed in future years. If the share capital of the company changes before the equity registration date of equity distribution, the company will adjust the total amount of distribution accordingly in accordance with the principle of unchanged distribution proportion per share.
(2) Calculation basis of ex right and ex interest of this differentiated dividend
At present, the total number of shares of the company is 150077374, and 245411 shares held in the special securities repurchase account will not participate in this distribution. Therefore, the total number of shares actually participating in this distribution is 149831963.
The company calculates the ex right (interest) opening reference price according to the following formula:
Ex right (interest) reference price = (previous closing price – 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:
Cash dividend per share (calculated based on total share capital) = (total share capital participating in distribution) × Cash dividend per share actually distributed) ÷ total share capital = (149831963) × 0.83) ÷ 150077374 ≈ 0.8286 yuan / share (take four digits after the decimal point, the same below) (take four digits after the decimal point, the same below).
According to the company’s profit distribution plan for 2021, this profit distribution is only cash dividend distribution, and does not involve share distribution and conversion of capital reserve into share capital. Therefore, the company’s circulating shares have not changed, and the change proportion of circulating shares is 0.
Ex right (interest) reference price of the company = (previous closing price -0.8286) ÷ (1 + 0) = previous closing price -0.8286. 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 method 1 Implementation measures
(1) 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) If bonus shares are distributed or converted into share capital, China Clearing Shanghai branch shall directly record the number of shares held by shareholders registered after the closing of Shanghai Stock Exchange on the equity registration date into the shareholders’ account in proportion. 2. Self distribution object
(1) The cash dividends of Chunfeng Holding Group Co., Ltd. and Chongqing Chunfeng Investment Co., Ltd. shall be paid by the company itself in accordance with relevant regulations;
(2) the shares of the company held in the special securities account for Zhejiang Cfmoto Power Co.Ltd(603129) repurchase (Account No.: b882375052) will not participate in the distribution. 3. Tax deduction description
(1) For the cash dividends of individual shareholders of tradable shares and securities investment funds without restrictions, according to the relevant provisions of the notice on issues related to the implementation of differentiated individual income tax policies for dividends and bonuses of listed companies (CS [2012] No. 85) and the notice on issues related to differentiated individual income tax policies for dividends and bonuses of listed companies (CS [2015] No. 101), If an individual obtains the company’s shares from the public offering and transfer market and has a shareholding period of more than one year, the dividend income is temporarily exempted from individual income tax, and the actual cash dividend per share is RMB 0.83; If an individual holds shares for less than one year (including one year), the company will not withhold individual income tax temporarily, and the actual cash dividend per share is RMB 0.83. When an individual transfers shares, CSDCC Shanghai Branch will calculate the tax payable according to the holding period, and the securities company and other share custody institutions will deduct it from the individual capital account and transfer it to CSDCC Shanghai Branch, China Clearing Shanghai branch shall transfer the tax to the company within 5 working days of the next month, and the company shall report and pay 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: if the shareholder’s shareholding period is within 1 month (including 1 month), the full amount of dividend income is included in the taxable income, and the actual tax burden is 20%; If the shareholding period is more than 1 month to 1 year (including 1 year), it shall be included in the taxable income by 50% temporarily, and the actual tax burden is 10%; If the shareholding period exceeds one year, the dividend income shall be exempted from individual income tax temporarily.
(2) For qualified foreign institutional investors (QFII), the company will actually pay a cash dividend of RMB 0.7470 per share after tax in accordance with the provisions of the notice of the State Administration of Taxation on issues related to the withholding and payment of enterprise income tax by Chinese resident enterprises to QFII (Guo Shui Han [2009] No. 47) issued by the State Administration of taxation.
If such shareholders need to enjoy the treatment of tax treaty (arrangement) to obtain dividend income, they can apply to the competent tax authority after obtaining dividend in accordance with the regulations.
(3) For the account shareholders of Hong Kong Central Clearing Co., Ltd., according to the provisions of the notice on tax policies related to the pilot of Shanghai Hong Kong stock market trading interconnection mechanism (CS [2014] No. 81), the dividend will be distributed in RMB by the company through China Clearing Shanghai branch according to the nominal holder’s account, and the company will withhold and pay income tax at the tax rate of 10%, with a cash dividend of 0.7470 yuan per share.
(4) For institutional investors, their dividend and bonus income tax shall be paid by themselves, and the actual cash dividend paid is RMB 0.83 per share before tax. 5、 If you have any questions about the consultation measures, please consult the contact Department through the following contact information: Securities Affairs Department Tel.: 057189195143. This announcement is hereby made.
Zhejiang Cfmoto Power Co.Ltd(603129) board of directors may 23, 2022
