Securities code: 601916 securities abbreviation: China Zheshang Bank Co.Ltd(601916) Announcement No.: 2022-010 China Zheshang Bank Co.Ltd(601916)
Announcement on the implementation of dividend distribution of overseas preferred shares
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.
1、 Meeting of the board of directors adopting the dividend distribution plan for overseas preferred shares
China Zheshang Bank Co.Ltd(601916) (hereinafter referred to as "the company") deliberated and adopted the proposal on Authorizing the board of directors and its authorized persons to deal with matters related to the issuance of overseas preferred shares by special resolution at the first extraordinary general meeting of shareholders in 2016, the first general meeting of shareholders of domestic shares in 2016 and the first general meeting of shareholders of H shares in 2016, Authorize the board of directors (which may be delegated by the board of directors according to law) to decide and handle the payment of dividends to overseas preferred shareholders in accordance with the terms of issuance of overseas preferred shares during the existence of overseas preferred shares.
The dividend distribution plan for overseas preferred shares has been adopted by the board of directors of the company on January 25, 2022, and the announcement of the resolution of the board of directors has been published on the website of Shanghai Stock Exchange (www.sse. Com. CN) And the company's website（ http://www.czbank.com. ）。
2、 Dividend distribution plan for overseas preferred shares
1. Interest period
From March 29, 2021 (inclusive) to March 29, 2022 (exclusive).
2. Equity registration date
March 28, 2022.
3. Dividend payment date
March 29, 2022.
4. Distribution object
Foreign preferred shareholders registered in the register of preferred shareholders of the company at the close of business hours of Euroclear bank SA / N ("Euroclear") and Clearstream banking, S.A. ("Clearstream, Luxembourg") as of March 28, 2022.
5. Payment amount and tax deduction
According to relevant laws and regulations of China, when the company distributes overseas preferred stock dividends to shareholders of overseas non resident enterprises, the enterprise income tax shall be withheld and paid at the tax rate of 10%. In accordance with the relevant terms and conditions of the company's overseas preferred shares, the relevant taxes shall be borne by the company. The total amount of dividends distributed by overseas preferred shares this time is US $131708333.33, of which: US $118537500 is actually paid to overseas preferred shareholders at an annual interest rate of 5.45%; According to relevant laws and regulations, 13170833.33 US dollars of enterprise income tax shall be withheld and remitted at the tax rate of 10%.
3、 Measures for the implementation of dividend distribution plan for overseas preferred shares
The company will distribute dividends on overseas preferred shares to the holders of overseas preferred shares registered in the register of the company on the equity registration date. During the period when the overseas preferred shares are held on behalf of Euroclear and Clearstream, Luxemburg, the Bank of New York repository (nominees) Limited, as the co depositor of Euroclear and Clearstream, Luxemburg, is the only shareholder of overseas preferred shares registered on the equity registration date. After the company pays dividends on overseas preferred shares to the Bank of New York repository (nominees) Limited, it is deemed that the company has fulfilled its dividend payment obligations under the terms of issuance of overseas preferred shares. If the final investor has any questions about the subsequent transfer of dividends to the final investor after entering the clearing system, the final investor should check with their respective depository or intermediary.
It is hereby announced.
China Zheshang Bank Co.Ltd(601916) board of directors January 25, 2022
