Shanghai Beiling Co., Ltd. Announcement of Implementation of the Annual Equity Distribution in 2017
The board of directors and all directors of the company ensure that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume individual and joint liability for the truthfulness, accuracy and completeness of their contents.
Important content tips:
Per share distribution ratio
A share cash bonus of 0.08 yuan per share
? Relevant date
Share Class Equity Registration Day Last Trading Day Equities (Interest) Day Cash Dividend Release Date
A Shares 2018/6/13 - 2018/6/14 2018/6/14
Differentiated dividends transfer: No
I. The date and date of the general meeting of shareholders through the distribution plan
The profit distribution plan was approved by Shanghai Belling Co., Ltd. (hereinafter referred to as the company): April 24, 2018
Japan's 2017 Annual General Meeting of Shareholders reviewed and passed. The resolutions of the shareholders' meeting were published on April 25, 2018 in the China Securities Journal and the Shanghai Stock Exchange's website at http://www.sse.com.cn.
Second, the distribution plan
1. Release year: 2017 year
2. Assignment object:
As of the closing of the equity registration day afternoon, the Shanghai Stock Exchange closed down all shares of the company registered in the China Securities Depository and Clearing Corporation Limited Shanghai Branch (hereinafter referred to as 'China Settlements Shanghai Branch').
3. Allocation scheme:
The profit distribution was based on the total share capital of the company before the implementation of the plan of 699,609,514 shares.
The bonus is 0.08 yuan (including tax), and a total dividend of 55,968,761.12 yuan is distributed.
Three, related dates
Share Class Equity Registration Day Last Trading Day Equities (Interest) Day Cash Dividend Release Date
A Shares 2018/6/13 - 2018/6/14 2018/6/14
Fourth, the distribution of implementation methods
1. Implementation method The cash bonus of the controlling shareholder China International Semiconductor Co., Ltd. is directly distributed by the company according to relevant regulations.
The cash dividends of the remaining shareholders are entrusted to China Clearing Shanghai Branch through its capital clearing system to the equity registration day after the Shanghai stock exchange is closed and the shareholders of the Shanghai Stock Exchange have handled the designated transactions. The investment for the designated transactions has been made. The bonus dividend can be collected at its designated securities sales department on the day of dividend issuance. The shareholder bonus that has not been designated for trading is temporarily held by China Clearing Shanghai Branch and will be distributed after the designated transaction is processed.
2. Self-distribution of objects to Huada Semiconductor Co., Ltd.
3. Tax Deduction Note (1) For Individual Shareholders and Securities Investment Funds Holding Unrestricted Circulating Shares of the Company, Notice Concerning Issues Concerning the Differential Individual Income Tax Policies on the Dividend Bonus of Listed Companies (Cai Shui [2015] No. 101) ) and the "Notice of the Ministry of Finance, the State Administration of Taxation, and the Notice of the China Securities Regulatory Commission on Implementing Individual Income Tax Policies on Dividing Differential Income from Dividends of Listed Companies" (Cai Shui [2012] No. 85), personal and securities investment funds from the public offering and transfer markets For listed company stocks that have been acquired for more than one year, dividend income from dividends is temporarily exempted from personal income tax, and a cash dividend of RMB 0.08 per share is actually distributed; this is for individuals and securities investment funds.
Within 1 year (including 1 year) of stocks, the company temporarily deducts personal income tax, and actual dividends are distributed to each share.
At the time of the transfer of shares, the amount of 0.08 yuan will be calculated by Chinas Clearing Shanghai Branch on the basis of its shareholding period. Securities equities such as securities companies will deduct funds from their fund accounts and transfer them to Shanghai Branch of China Clearing House. On behalf of the competent tax authorities to pay taxes.
The actual tax burden is as follows: If the shareholding period of the shareholder is within 1 month (including 1 month), the total dividend income from his dividend shall be included in the taxable income amount, and the actual tax liability shall be 20%; the holding period shall be 1 For months or more to 1 year (including 1 year), temporary deduction is calculated as 50% of the taxable income, and the actual tax burden is 10%.
(2) For natural person shareholders and securities investment funds holding tradable shares subject to company sales restrictions, in accordance with the relevant provisions of the "Notice Concerning the Issues Concerning the Implementation of Differential Individual Income Tax Policies for Dividends on Listed Companies" (Finance '2012' No. 85), the company Withholding tax paid at a tax rate of 10%, actual distribution of cash dividend per share after tax
0.072 yuan.
(3) For holders of Qualified Foreign Institutional Investors ('QFII') who hold shares in the company, the company is entitled to pay dividends, dividends, and interest on QFIIs issued by the Chinese resident companies on January 23, 2009, pursuant to the State Administration of Taxation. Notice of Relevant Issues Concerning Withholding Enterprise Income Tax (Guo Shui Han '2009'47), according to
The 10% tax rate is unified withholding of corporate income tax, and the actual cash dividend per share after the tax is RMB 0.072.
If the relevant shareholder believes that his dividends need to enjoy the tax treaty (arrangement) benefits, he can apply for the dividends and bonuses himself and then submit the dividends to the competent tax authority.
(4) For Hong Kong market investors (including enterprises and individuals) to invest in the dividend income of the company’s stocks, according to the Ministry of Finance, the State Administration of Taxation, and the “Notice of the Securities Regulatory Commission about the tax policy of the Shanghai-Hong Kong Stock Exchange Trading Interoperability Pilot Project” (Finance '2014'81) stipulates that until Hong Kong Securities Clearing Company Limited has the conditions to provide details such as the investor’s identity and holding time to China Securities Depository and Clearing Co., Ltd., it will not execute its holdings. Time to implement differentiated taxation policy, listed companies withholding tax at a tax rate of 10%, and apply for tax withholding reports to their tax authorities. For Hong Kong investors who are tax residents of other countries and their country’s taxation with China If the agreement provides that the dividend income tax rate is less than 10%, an enterprise or individual may, on its own or by entrusting withholding agents, file a tax treaty application with the tax authorities of the listed company. After reviewing by the tax authority, the company or individual shall Taxes are refundable on the difference between the tax and the taxable tax rate calculated in accordance with the tax treaty rate. Therefore, for the Hong Kong market Investors (including corporations and individuals) who hold stocks of the company through Shanghai Stock Connect, withholding tax at the applicable tax rate of 10%, with a cash dividend of RMB 0.072 per share after tax deduction.
(5) For other institutional investors and corporate shareholders other than QFII, the company will not deduct and pay corporate income tax, and the taxpayer will determine on its own whether he should pay corporate income tax locally. The actual cash dividend is pre-tax Shares of RMB 0.08.
V. Consultation Methods
If you have any questions about the distribution of your rights, please contact the following contact details:
Contact Department: Board Office
Telephone: ******** is hereby announced.
Shanghai Belling Company Limited Board of Directors
June 8, 2018