REG - Huatai Securities Co - IMPLEMENTATION OF 2024 INTERIM EQUITY DISTRIBUTION

Huatai Securities CoAnnouncement

16/10/2024 09:45

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RNS Number : 4203I  Huatai Securities Co., Ltd  16 October 2024

ANNOUNCEMENT ON IMPLEMENTATION OF INTERIM EQUITY DISTRIBUTION FOR 2024

(GDR under the Symbol: HTSC, ISIN: US44331T1043)

I. SESSION AND DATE OF THE GENERAL MEETING AT WHICH THE DISTRIBUTION PLAN WAS APPROVED

The 2023 annual general meeting of Huatai Securities Co., Ltd. (hereinafter
referred to as the "Company" or "Parent Company") on June 20, 2024 agreed to
authorise the board of directors of the Company (hereinafter referred to as
the "Board") to deal with matters in relation to the interim profit
distribution for 2024 with its full discretion, and the proportion of cash
dividend shall not exceed 30% of the net profit attributable to shareholders
of the Parent Company for the current period.

The 2024 interim profit distribution plan was considered and approved at the
twelfth meeting of the sixth session of the Board on August 30, 2024. The
announcements on the resolutions of the general meeting and meeting of the
Board have been published on the website of the Shanghai Stock Exchange
(https://www.sse.com.cn), HKEXnews website of the Hong Kong Exchanges and
Clearing Limited (https://www.hkexnews.hk), website of the London Stock
Exchange (https://www.londonstockexchange.com) and website of the Company
(https://www.htsc.com.cn).

II. DISTRIBUTION PLAN
1.    Year of Distribution: half year of 2024
2.    Distribution Participants

All holders of A Shares of the Company registered in the Shanghai Branch of
China Securities Depository and Clearing Company Limited as at the close of
the Shanghai Stock Exchange in the afternoon of the record date.

This announcement does not apply to dividend distribution for holders of H
Shares of the Company. For detailed arrangements for holders of H Shares,
please refer to the announcement published by the Company on HKEXnews website
of the Hong Kong Exchanges and Clearing Limited (https://www.hkexnews.hk) and
website of the Company (https://www.htsc.com.cn) on August 30, 2024.

 

3.    Distribution Plan

According to the resolution on the 2024 interim profit distribution plan of
the Company, which was considered and approved at the twelfth meeting of the
sixth session of the Board, the Company will distribute cash dividend of
RMB0.15 (tax inclusive) per share based on the Company's total share capital
of 9,027,302,281 Shares (before implementation of the plan), with the total
cash dividend of RMB 1,354,095,342.15 (tax inclusive), representing 25.50% of
net profit attributable to the shareholders of the Parent Company on a
consolidated basis for the half year of 2024.

If the total share capital of the Company changes as a result of repurchase
and cancellation of Shares granted in the equity incentive scheme during the
period from the disclosure date of this plan to the record date of the
implementation of the dividend distribution, the Company intends to maintain
the distribution ratio per share unchanged and adjust the total amount of
distribution accordingly. The remaining profit available for distribution to
investors will be carried forward to the next year.

Cash dividend is denominated and declared in RMB and paid to holders of A
Shares (including the depositary of GDRs) and the investors of Southbound
Trading in RMB and to holders of H Shares (excluding the investors of
Southbound Trading) in HKD.

III. RELEVANT DATES
  Class of Shares   Record Date  Last Trading Day  Ex-rights               Cash Dividend Payment Date

                                                    (ex-dividends) Date
 A Shares           2024/10/24   －                 2024/10/25              2024/10/25

IV. PROFIT DISTRIBUTION MATTERS FOR GDR INVESTORS

The Company shall distribute cash dividends for the holders of global
depositary receipts of the Company ("GDRs") to Citibank, National Association,
the nominal holder of the domestic basic A Shares corresponding to GDR.
According to the Corporate Income Tax Law of the PRC
(《中华人民共和国企业所得税法》) and other relevant tax
regulations, the Company shall withhold and pay income taxes at a tax rate of
10%. For the qualified investors who have invested in the GDRs issued by the
Company on the London Stock Exchange and who comply with the relevant domestic
and foreign regulatory rules (hereinafter referred to as "GDR investors"), if
they are entitled to the treatment as stipulated in relevant tax treaties
(arrangements), applications can be submitted to the governing tax authority
according to regulations.

The record date for GDR investors is the same as the record date for holders
of A Shares. The cash dividend will be distributed to GDR investors by
Citibank, National Association through Euroclear Bank SA/NV and/or Clearstream
Banking, S.A. on November 1, 2024 (London time).

V. RELEVANT INQUIRIES

For any questions about matters related to the implementation of the equity
distribution, please contact us as follows:

Contact department: Board Office of Huatai Securities Co., Ltd

Email: boardoffice@htsc.com

Tel: +86 25 83387272、+86 25 83387780

 

Huatai Securities Co., Ltd.

October 16, 2024

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